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$MSFT said it agreed to buy $LNKD for $196 per share in an all-cash transaction valued at $26.2Bil, inclusive of $LNKD's net cash. $LNKD will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of $LNKD, reporting to Satya Nadella, CEO of $MSFT. The transaction is expected to close this calendar year.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.