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EX99.23d116815dex992.htmEX99.2
Exhibit99.2

ForRelease5:30a.m.PDT
June13,2016

MicrosofttoacquireLinkedIn
Dealbringstogethertheworldsleadingprofessionalcloudwiththeworldsleadingprofessionalnetwork.
REDMOND,Wash.,andMOUNTAINVIEW,Calif.June13,2016MicrosoftCorp.(Nasdaq:MSFT)and
LinkedInCorporation(NYSE:LNKD)onMondayannouncedtheyhaveenteredintoadefinitiveagreementunder
whichMicrosoftwillacquireLinkedInfor$196pershareinanallcashtransactionvaluedat$26.2billion,inclusive
ofLinkedInsnetcash.LinkedInwillretainitsdistinctbrand,cultureandindependence.JeffWeinerwillremain
CEOofLinkedIn,reportingtoSatyaNadella,CEOofMicrosoft.ReidHoffman,chairmanoftheboard,cofounder
andcontrollingshareholderofLinkedIn,andWeinerbothfullysupportthistransaction.Thetransactionis
expectedtoclosethiscalendaryear.
LinkedInistheworldslargestandmostvaluableprofessionalnetworkandcontinuestobuildastrongand
growingbusiness.Overthepastyear,thecompanyhaslaunchedanewversionofitsmobileappthathasledto
increasedmemberengagementenhancedtheLinkedInnewsfeedtodeliverbetterbusinessinsightsacquireda
leadingonlinelearningplatformcalledLynda.comtoenteranewmarketandrolledoutanewversionofits
Recruiterproducttoitsenterprisecustomers.Theseinnovationshaveresultedinincreasedmembership,
engagementandfinancialresults,specifically:

19percentgrowthyearoveryear(YOY)tomorethan433millionmembersworldwide
9percentgrowthYOYtomorethan105millionuniquevisitingmemberspermonth
49percentgrowthYOYto60percentmobileusage
34percentgrowthYOYtomorethan45billionquarterlymemberpageviews
101percentgrowthYOYtomorethan7millionactivejoblistings

TheLinkedInteamhasgrownafantasticbusinesscenteredonconnectingtheworldsprofessionals,Nadella
said.TogetherwecanacceleratethegrowthofLinkedIn,aswellasMicrosoftOffice365andDynamicsaswe
seektoempowereverypersonandorganizationontheplanet.
Justaswehavechangedthewaytheworldconnectstoopportunity,thisrelationshipwithMicrosoft,andthe
combinationoftheircloudandLinkedInsnetwork,nowgivesusachancetoalsochangethewaytheworld
works,Weinersaid.Forthelast13years,wevebeenuniquelypositionedtoconnectprofessionalstomake
themmoreproductiveandsuccessful,andImlookingforwardtoleadingourteamthroughthenextchapterofour
story.

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ThetransactionhasbeenunanimouslyapprovedbytheBoardsofDirectorsofbothLinkedInandMicrosoft.The
dealisexpectedtoclosethiscalendaryearandissubjecttoapprovalbyLinkedInsshareholders,thesatisfaction
ofcertainregulatoryapprovalsandothercustomaryclosingconditions.
TodayisarefoundingmomentforLinkedIn.Iseeincredibleopportunityforourmembersandcustomersand
lookforwardtosupportingthisnewandcombinedbusiness,saidHoffman.Ifullysupportthistransactionand
theBoardsdecisiontopursueit,andwillvotemysharesinaccordancewiththeirrecommendationonit.
Microsoftwillfinancethetransactionprimarilythroughtheissuanceofnewindebtedness.Uponclosing,Microsoft
expectsLinkedInsfinancialstobereportedaspartofMicrosoftsProductivityandBusinessProcessessegment.
Microsoftexpectstheacquisitiontohaveminimaldilutionof~1percenttononGAAPearningspershareforthe
remainderoffiscalyear2017postclosingandforfiscalyear2018basedontheexpectedclosedate,andbecome
accretivetoMicrosoftsnonGAAPearningspershareinMicrosoftsfiscalyear2019orlessthantwoyearspost
closing.NonGAAPincludesstockbasedcompensationexpenseconsistentwithMicrosoftsreportingpractice,
andexcludesexpectedimpactofpurchaseaccountingadjustmentsaswellasintegrationandtransactionrelated
expenses.Inaddition,Microsoftalsoreiterateditsintentiontocompleteitsexisting$40billionsharerepurchase
authorizationbyDec.31,2016,thesametimeframeaspreviouslycommitted.
MicrosoftandLinkedInwillhostajointconferencecallwithinvestorsonJune13,2016,at8:45a.m.Pacific
Time/11:45a.m.EasternTimetodiscussthistransaction.Thecallwillbeavailableviawebcastat
https://www.microsoft.com/enus/InvestorandwillbehostedbyNadellaandWeiner,aswellasMicrosoftChief
FinancialOfficerAmyHoodandMicrosoftPresidentandChiefLegalOfficerBradSmith.Thepresentationforthe
callisavailableontheMicrosoftNewsCenter.
MorganStanleyisactingasexclusivefinancialadvisortoMicrosoft,andSimpsonThacher&BartlettLLPisacting
aslegaladvisortoMicrosoft.QatalystPartnersandAllen&CompanyLLCareactingasfinancialadvisorsto
LinkedIn,whileWilsonSonsiniGoodrich&Rosati,ProfessionalCorporation,isactingaslegaladvisor.
AboutLinkedIn
LinkedInconnectstheworldsprofessionalstomakethemmoreproductiveandsuccessfulandtransformsthe
waycompanieshire,market,andsell.Ourvisionistocreateeconomicopportunityforeverymemberoftheglobal
workforcethroughtheongoingdevelopmentoftheworldsfirstEconomicGraph.LinkedInhasmorethan
400millionmembersandhasofficesaroundtheglobe.

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AboutMicrosoft
Microsoft(NasdaqMSFT@microsoft)istheleadingplatformandproductivitycompanyforthemobilefirst,
cloudfirstworld,anditsmissionistoempowereverypersonandeveryorganizationontheplanettoachieve
more.
AdditionalInformationandWheretoFindIt
Inconnectionwiththetransaction,LinkedInCorporation(theCompany)willfilerelevantmaterialswiththe
SecuritiesandExchangeCommission(theSEC),includingaproxystatementonSchedule14A.Promptlyafter
filingitsdefinitiveproxystatementwiththeSEC,theCompanywillmailthedefinitiveproxystatementandaproxy
cardtoeachstockholderentitledtovoteatthespecialmeetingrelatingtothetransaction.INVESTORSAND
SECURITYHOLDERSOFTHECOMPANYAREURGEDTOREADTHESEMATERIALS(INCLUDINGANY
AMENDMENTSORSUPPLEMENTSTHERETO)ANDANYOTHERRELEVANTDOCUMENTSIN
CONNECTIONWITHTHETRANSACTIONTHATTHECOMPANYWILLFILEWITHTHESECWHENTHEY
BECOMEAVAILABLEBECAUSETHEYWILLCONTAINIMPORTANTINFORMATIONABOUTTHE
COMPANYANDTHETRANSACTION.Thedefinitiveproxystatement,thepreliminaryproxystatementand
otherrelevantmaterialsinconnectionwiththetransaction(whentheybecomeavailable),andanyother
documentsfiledbytheCompanywiththeSEC,maybeobtainedfreeofchargeattheSECswebsite
(http://www.sec.gov)oratLinkedInswebsite(http://investors.linkedin.com)orbywritingtoLinkedInCorporation,
InvestorRelations,2029StierlinCourt,MountainView,California94043.
TheCompanyanditsdirectorsandexecutiveofficersareparticipantsinthesolicitationofproxiesfromthe
Companysstockholderswithrespecttothetransaction.InformationabouttheCompanysdirectorsandexecutive
officersandtheirownershipoftheCompanyscommonstockissetforthintheCompanysproxystatementon
Schedule14AfiledwiththeSEConApril22,2016.TotheextentthatholdingsoftheCompanyssecuritieshave
changedsincetheamountsprintedintheCompanysproxystatement,suchchangeshavebeenorwillbe
reflectedonStatementsofChangeinOwnershiponForm4filedwiththeSEC.Informationregardingtheidentity
oftheparticipants,andtheirdirectorindirectinterestsinthetransaction,bysecurityholdingsorotherwise,willbe
setforthintheproxystatementandothermaterialstobefiledwithSECinconnectionwiththetransaction.
ForwardLookingStatements
ThispressreleasecontainscertainforwardlookingstatementswithinthemeaningofthePrivateSecurities
LitigationReformActof1995withrespecttotheproposedtransactionandbusinesscombinationbetween
MicrosoftandLinkedIn,includingstatementsregardingthebenefitsof

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thetransaction,theanticipatedtimingofthetransactionandtheproductsandmarketsofeachcompany.These
forwardlookingstatementsgenerallyareidentifiedbythewordsbelieve,project,expect,anticipate,
estimate,intend,strategy,future,opportunity,plan,may,should,will,would,willbe,will
continue,willlikelyresult,andsimilarexpressions.Forwardlookingstatementsarepredictions,projectionsand
otherstatementsaboutfutureeventsthatarebasedoncurrentexpectationsandassumptionsand,asaresult,
aresubjecttorisksanduncertainties.Manyfactorscouldcauseactualfutureeventstodiffermateriallyfromthe
forwardlookingstatementsinthispressrelease,includingbutnotlimitedto:(i)theriskthatthetransactionmay
notbecompletedinatimelymanneroratall,whichmayadverselyaffectLinkedInsbusinessandthepriceofthe
commonstockofLinkedIn,(ii)thefailuretosatisfytheconditionstotheconsummationofthetransaction,
includingtheadoptionofthemergeragreementbythestockholdersofLinkedInandthereceiptofcertain
governmentalandregulatoryapprovals,(iii)theoccurrenceofanyevent,changeorothercircumstancethatcould
giverisetotheterminationofthemergeragreement,(iv)theeffectoftheannouncementorpendencyofthe
transactiononLinkedInsbusinessrelationships,operatingresults,andbusinessgenerally,(v)risksthatthe
proposedtransactiondisruptscurrentplansandoperationsofLinkedInorMicrosoftandpotentialdifficultiesin
LinkedInemployeeretentionasaresultofthetransaction,(vi)risksrelatedtodivertingmanagementsattention
fromLinkedInsongoingbusinessoperations,(vii)theoutcomeofanylegalproceedingsthatmaybeinstituted
againstusoragainstLinkedInrelatedtothemergeragreementorthetransaction,(viii)theabilityofMicrosoftto
successfullyintegrateLinkedInsoperations,productlines,andtechnology,and(ix)theabilityofMicrosoftto
implementitsplans,forecasts,andotherexpectationswithrespecttoLinkedInsbusinessafterthecompletionof
theproposedmergerandrealizeadditionalopportunitiesforgrowthandinnovation.Inaddition,pleaserefertothe
documentsthatMicrosoftandLinkedInfilewiththeSEConForms10K,10Qand8K.Thesefilingsidentifyand
addressotherimportantrisksanduncertaintiesthatcouldcauseeventsandresultstodiffermateriallyfromthose
containedintheforwardlookingstatementssetforthinthispressrelease.Forwardlookingstatementsspeakonly
asofthedatetheyaremade.Readersarecautionednottoputunduerelianceonforwardlookingstatements,
andMicrosoftandLinkedInassumenoobligationanddonotintendtoupdateorrevisetheseforwardlooking
statements,whetherasaresultofnewinformation,futureevents,orotherwise.
Formoreinformation,pressonly:
MicrosoftMediaRelations,WECommunications,(425)6387777,rrt@weworldwide.com
LinkedInMediaRelations,press@linkedin.com
Notetoeditors:Formoreinformation,newsandperspectivesfromMicrosoft,pleasevisittheMicrosoftNews
Centerathttp://news.microsoft.com.Weblinks,telephonenumbersandtitleswerecorrectattimeofpublication,
butmayhavechanged.Foradditionalassistance,journalistsandanalystsmaycontactMicrosoftsRapid
ResponseTeamorotherappropriatecontactslistedathttp://news.microsoft.com/microsoftpublicrelations
contacts.

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