Amy hood linkedin5/25/2023 ![]() Microsoft expects the acquisition to have minimal dilution of ~1 percent to non-GAAP earnings per share for the remainder of fiscal year 2017 post-closing and for fiscal year 2018 based on the expected close date, and become accretive to Microsoft's non-GAAP earnings per share in Microsoft's fiscal year 2019 or less than two years post-closing. Upon closing, Microsoft expects LinkedIn's financials to be reported as part of Microsoft's Productivity and Business Processes segment. Microsoft will finance the transaction primarily through the issuance of new indebtedness. "I fully support this transaction and the Board's decision to pursue it, and will vote my shares in accordance with their recommendation on it." I see incredible opportunity for our members and customers and look forward to supporting this new and combined business," said Hoffman. ![]() "Today is a re-founding moment for LinkedIn. The deal is expected to close this calendar year and is subject to approval by LinkedIn's shareholders, the satisfaction of certain regulatory approvals and other customary closing conditions. The transaction has been unanimously approved by the Boards of Directors of both LinkedIn and Microsoft. "Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn's network, now gives us a chance to also change the way the world works," Weiner said. "For the last 13 years, we've been uniquely positioned to connect professionals to make them more productive and successful, and I'm looking forward to leading our team through the next chapter of our story." "Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet." "The LinkedIn team has grown a fantastic business centered on connecting the world's professionals," Nadella said.
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