Techmeme
June 13, 2016, 6:30 PM

Top News

Microsoft:
Microsoft to buy LinkedIn for $26.2B, Jeff Weiner to remain CEO, reporting to Satya Nadella  —  Microsoft Corp. (Nasdaq: MSFT) and LinkedIn Corporation (NYSE: LNKD) on Monday announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share …
Jeff Weiner / LinkedIn Pulse:
In email to staff, LinkedIn CEO Jeff Weiner assures employees the company will be a “fully independent entity within Microsoft”  —  This is the email I sent to LinkedIn's global workforce today.  I thought it might be interesting to others, too, so I've decided to publish it publicly.
Ben Popper / The Verge:
Matt Burns / TechCrunch:
Jacob Kastrenakes / The Verge:
Russell Brandom / The Verge:
Fitz Tepper / TechCrunch:
Andrew Webster / The Verge:
Microsoft debuts Xbox One S, 40% smaller than original Xbox One, 4K Ultra HD support, available in August for $399 with 2TB HD; 500GB version coming for $299  —  The Xbox One just got a lot smaller.  Announced today at E3 in Los Angeles (and leaked a day earlier), the new Xbox One S takes …
Andrew Webster / The Verge:
Dan Seifert / The Verge:
Josh Constine / TechCrunch:
Snapchat rolls out Snap Ads Between Stories, a new Ads API, and many ad improvements; all ads will be reviewed  —  Snapchat is ready to make the big bucks that could let it go public thanks to a slew of important updates to its ads offering.  They'll give advertisers the spotlight …
Bloomberg:
Sources: FanDuel and DraftKings are in merger talks as both face legal battles  —  At their peaks, both companies had valuations over $1 billion  —  New York is expected to allow fantasy sports by NFL's start  —  DraftKings Inc. and FanDuel Inc., the two biggest daily fantasy sports companies …

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