NEW YORK (TheStreet) -- Shares of Salesforce.com (CRM) - Get Report  were declining in pre-market trading on Friday as the cloud computing company called on EU regulators to investigate whether Microsoft's (MSFT) $26 billion bid for LinkedIn (LNKD) violates antitrust laws. 

Microsoft is expected to seek EU antitrust approval in the next few weeks for its largest ever deal, according to Reuters

Salesforce.com lost out in a bidding war for the social networking site in June. 

"By gaining ownership of LinkedIn's unique data set of over 450 million professionals in more than 200 countries, Microsoft will be able to deny competitors access to that data, and in doing so obtain an unfair competitive advantage," said Salesforce Chief Digital Officer Burke Norton in a statement. 

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The San Francisco-based company added that it believes the acquisition raises "significant antitrust and data privacy issues" that should be fully investigated by antitrust authorities in the U.S. and EU.

Microsoft's Chief Legal Officer Brad Smith said Salesforce.com "may not be aware" that the deal has been cleared in the U.S. and other countries.

"We're committed to continuing to work to bring more price competition to a CRM market in which Salesforce is the dominant participant charging customers higher prices today," Smith added, Reuters reports. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

TheStreet Ratings team rates Salesforce.com as a Hold with a ratings score of C. COM INC (CRM) a HOLD. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, the team also finds weaknesses including premium valuation, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year.

You can view the full analysis from the report here: CRM

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