excited to share that today Microsoft announced a deal to acquire
LinkedIn. You can see how Jeff Weiner, the CEO of LinkedIn, and I
envision the opportunity ahead in this public presentation.
deal brings together the world’s leading professional cloud with the
world’s leading professional network. I have been learning about
LinkedIn for some time while also reflecting on how networks can truly
differentiate cloud services. It’s clear to me that the LinkedIn team
has grown a fantastic business and an impressive network of more than
433 million professionals.
this is the biggest acquisition for Microsoft since I became CEO, I
wanted to share with you how I think about acquisitions overall. 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?
answer to all of those questions with LinkedIn is squarely yes. We are
in pursuit of a common mission centered on empowering people and
organizations. 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. Think about it: How people
find jobs, build skills, sell, market and get work done and ultimately
find success requires a connected professional world. 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. 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. As these
experiences get more intelligent and delightful, the LinkedIn and Office
365 engagement will grow. And in turn, new opportunities will be
created for monetization through individual and organization
subscriptions and targeted advertising.
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. In fact, when Reid Hoffman, the founder of
LinkedIn, and I spoke about the opportunity for us to come together, he
called it a “re-founding” moment for LinkedIn and an opportunity to
reach the mission the company set out on 13 years ago.
opportunity for Office 365 and Dynamics is just as profound. Over the
past decade we have moved Office from a set of productivity tools to a
cloud service across any platform and device. This deal is the next step
forward for Office 365 and Dynamics as they connect to the world’s
largest and most valuable professional network. In essence, we can
reinvent ways to make professionals more productive while at the same
time reinventing selling, marketing and talent management business
processes. I can’t wait to see what our teams dream up when we can begin
working together once the deal closes, which we expect will happen this
A big part of
this deal is accelerating LinkedIn’s growth. To that end, LinkedIn will
retain its distinct brand and independence, as well as their culture
which is very much aligned with ours. Jeff will continue to be CEO of
LinkedIn, he’ll report to me and join our senior leadership team. In
essence, what I’ve asked Jeff to do is manage LinkedIn with key
performance metrics that accrue to our overall success. He’ll decide
from there what makes sense to integrate and what does not. We know that
near term there will be no changes in who reports to whom so no
reporting relationships at Microsoft will change in that regard. This
approach is designed to keep the LinkedIn team focused on driving
results while simultaneously partnering on product integration plans
with the Office 365 and Dynamics teams. During the integration, we’ll
pick key projects where we can go deep together that will ultimately
result in new experiences for customers. Kurt DelBene will lead the
overall integration efforts at Microsoft in close partnership with Qi Lu
and Scott Guthrie.
I’m on the LinkedIn campus today in California and will host a call for investors at 8:45 a.m. PT with Jeff, Brad and Amy – please join if you can. Following that, I’ll then spend the day meeting with the LinkedIn team. Tomorrow, I’ll host a special Microsoft employee Q&A — I hope you can make it.
far, what I’ve learned about the LinkedIn team is how much our cultures
share many of the same attributes. We both care deeply about individual
and collective growth, and find deep meaning in the work we do to make a
difference in our world. Together we’ll do just that.
I’m in northern California sharing our vision to empower professionals,
the Xbox team is in southern California at E3 sharing our vision to
empower gamers. I encourage you to check out the E3 press briefing,
which starts at 9:30 a.m. Pacific Time.
Finally, if you’re not on LinkedIn, join up now and start using and learning more.