Nadella And Weiner Talk Microsoft-LinkedIn 'Reinventing Business Productivity'
Microsoft Corporation (NASDAQ: MSFT) CEO Satya Nadella joined LinkedIn Corp (NYSE: LNKD) CEO Jeff Weiner to discuss their $26 billion mega-merger.
Speaking on CNBC, Nadella began by saying the merger of the companies brings together "the world's leading professional cloud" and "the world's leading professional network."
"The dream that I always had is how to we make this come together so that we can serve our customers," Nadella said. "When I think of re-inventing productivity in business process - this is really about completing that scenario."
Related Link: Good For LinkedIn, 'Terrible' For Microsoft
Nadella pointed out that acquisition talks initially began in February between the two companies.
He added that the acquisition of LinkedIn also represents the next phase of growth for Microsoft and represents a "tremendous opportunity" to expand his company's ability to grow.
Weiner jumped in and said LinkedIn's decision to sell itself to Microsoft fits in with the company's long-term vision and the combination with Microsoft offers the opportunity to accelerate its goals.
Specifically, Weiner was attracted to the opportunity of integrate LinkedIn's network within Microsoft's ecosystem that reaches one billion people. He also stated the acquisition allows for integration with Microsoft's Outlook, Calendar, Office, Windows and Skype, among others.
"For us that was an incredibly exciting opportunity," LinkedIn's chief said.
Finally, Weiner suggested a company that successfully scales itself to reach critical mass attracts "hundreds of millions of users" and boasts "billions of dollars" of market cap. However, today, a successful scale of a platform needs to reach "billions of users or customers" and create a stock valued in the "hundreds of billions of dollars."
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