Microsoft is still buying LinkedIn, in case anyone is wondering.
Last month, rival LinkedIn bidder Salesforce indicated it planned to ask regulators in the U.S. and Europe to investigate the deal, citing antitrust concerns. That doesn’t seem to be slowing down Microsoft’s effort to acquire the professional social media company for $26.2 billion.
Related: Microsoft stock hits all-time high after beating earnings expectations with $22.3B in revenue and $6B profit
In its quarterly earnings report Thursday, Microsoft said the transaction will close in the second quarter of its fiscal year, or the fourth quarter of this calendar year. That is on track with its original expectations when the sale was first announced over the summer.
The deal has already been approved by regulators in the U.S., China and Brazil. Salesforce is reportedly worried that the deal could possibly prevent access to LinkedIn’s trove of data about companies and their respective employees, while also giving Microsoft an unfair advantage over competitors.
Salesforce wanted to acquire LinkedIn earlier this year, but ultimately Microsoft won out. A regulatory filing by LinkedIn from July showed that Salesforce was willing to bid “much higher” than Microsoft, but LinkedIn decided not to respond to its proposal.
