Jeff and I both believe we have a significant opportunity to accelerate LinkedIn’s growth and the value it brings to its members with Microsoft’s assets and scale. And in turn, new opportunities will be created for monetization through individual and organization subscriptions and targeted advertising.
As these experiences get more intelligent and delightful, the LinkedIn and Office 365 engagement will grow. This combination will make it possible for new experiences such as a LinkedIn newsfeed that serves up articles based on the project you are working on and Office suggesting an expert to connect with via LinkedIn to help with a task you’re trying to complete. It requires a vibrant network that brings together a professional’s information in LinkedIn’s public network with the information in Office 365 and Dynamics.
Think about it: How people find jobs, build skills, sell, market and get work done and ultimately find success requires a connected professional world. Along with the new growth in our Office 365 commercial and Dynamics businesses this deal is key to our bold ambition to reinvent productivity and business processes. We are in pursuit of a common mission centered on empowering people and organizations. The answer to all of those questions with LinkedIn is squarely yes. To start, I consider if an asset will expand our opportunity - specifically, does it expand our total addressable market? Is this asset riding secular usage and technology trends? And does this asset align with our core business and overall sense of purpose? Given this is the biggest acquisition for Microsoft since I became CEO, I wanted to share with you how I think about acquisitions overall. It’s clear to me that the LinkedIn team has grown a fantastic business and an impressive network of more than 433 million professionals. I have been learning about LinkedIn for some time while also reflecting on how networks can truly differentiate cloud services. This deal brings together the world’s leading professional cloud with the world’s leading professional network. You can see how Jeff Weiner, the CEO of LinkedIn, and I envision the opportunity ahead in this public presentation. I’m excited to share that today Microsoft announced a deal to acquire LinkedIn. Here’s what Microsoft CEO Satya Nadella and LinkedIn CEO Jeff Weiner are telling their respective staffs about the deal. The reasons aren’t entirely clear aside from the fact that LinkedIn owns the best professional social database, and Microsoft still runs some of the most widely used office software. Microsoft is buying LinkedIn for $26.2 billion.
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