Bidding war with Salesforce drove up Microsoft’s LinkedIn bill

A bidding war with forced Microsoft to pay nearly $6bn extra to seal its planned takeover of LinkedIn last month, according to new details released on Friday.The contest eventually led Salesforce to offer $500m more than Microsoft, at least on paper, though its cash-and-stock offer was heavily dependent on its own share price, in contrast to the all-cash bid from the software company.A month-long back-and-forth between the two rivals pushed the value of the all-cash deal to $26bn, making it the third-largest acquisition in the tech industry.Details of the frenzied bidding were revealed in a regulatory filing that LinkedIn made with the Securities and Exchange Commission ahead of a shareholder vote to approve the deal.The high price that Microsoft ended up paying could now lead to deeper cost-cutting at LinkedIn after the deal is completed. Microsoft chief executive Satya Nadella warned Jeff Weiner, his counterpart at LinkedIn, during the

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