diff --git a/src/wp-includes/js/tinymce/plugins/wplink/plugin.js b/src/wp-includes/js/tinymce/plugins/wplink/plugin.js
index e339d7fefb..fcad125f3f 100644
--- a/src/wp-includes/js/tinymce/plugins/wplink/plugin.js
+++ b/src/wp-includes/js/tinymce/plugins/wplink/plugin.js
@@ -57,7 +57,7 @@
 			return (
 				'<div id="' + this._id + '" class="wp-link-input">' +
 					'<input type="text" value="" tabindex="-1" placeholder="' + tinymce.translate('Paste URL or type to search') + '" />' +
-					'<input type="hidden" value="" />' +
+					'<input type="text" style="display:none" value="" />' +
 				'</div>'
 			);
 		},
@@ -445,5 +445,11 @@
 			cmd: 'wp_link_apply',
 			classes: 'widget btn primary'
 		} );
+
+		return {
+			hideEditToolbar: function() {
+				editToolbar.hide();
+			}
+		};
 	} );
 } )( window.tinymce );
diff --git a/src/wp-includes/js/wplink.js b/src/wp-includes/js/wplink.js
index d324da6ad9..8e177cf276 100644
--- a/src/wp-includes/js/wplink.js
+++ b/src/wp-includes/js/wplink.js
@@ -208,7 +208,9 @@ var wpLink;
 				// Focus the URL field and highlight its contents.
 				// If this is moved above the selection changes,
 				// IE will show a flashing cursor over the dialog.
-				inputs.url.focus()[0].select();
+				window.setTimeout( function() {
+					inputs.url.focus()[0].select();
+				}, 100 );
 			}
 
 			correctedURL = inputs.url.val().replace( /^http:\/\//, '' );
@@ -242,8 +244,7 @@ var wpLink;
 		},
 
 		mceRefresh: function( url, text ) {
-			var selectedNode = editor.selection.getNode(),
-				linkNode = editor.dom.getParent( selectedNode, 'a[href]' ),
+			var linkNode = editor.dom.getParent( editor.selection.getNode(), 'a[href]' ),
 				onlyText = this.hasSelectedText( linkNode );
 
 			if ( linkNode ) {
@@ -272,8 +273,6 @@ var wpLink;
 		},
 
 		close: function() {
-			var linkNode;
-
 			$( document.body ).removeClass( 'modal-open' );
 
 			if ( ! wpLink.isMCE() ) {
@@ -284,12 +283,7 @@ var wpLink;
 					wpLink.range.select();
 				}
 			} else {
-				linkNode = editor.dom.getParent( editor.selection.getNode(), 'a[href]' );
-
-				if ( linkNode && editor.dom.getAttrib( linkNode, 'href' ) === '_wp_link_placeholder' ) {
-					editor.dom.remove( linkNode, true );
-				}
-
+				editor.plugins.wplink.hideEditToolbar();
 				editor.focus();
 			}
 
diff --git a/src/wp-includes/version.php b/src/wp-includes/version.php
index cf10f27d0a..6502ffa066 100644
--- a/src/wp-includes/version.php
+++ b/src/wp-includes/version.php
@@ -18,7 +18,7 @@ $wp_db_version = 36686;
  *
  * @global string $tinymce_version
  */
-$tinymce_version = '4304-20160219';
+$tinymce_version = '4304-20160224';
 
 /**
  * Holds the required PHP version