Microsoft to acquire LinkedIn

MS-Linkedin-2016-06-12-1-c

REDMOND, Wash., and MOUNTAIN VIEW, Calif. — June 13, 2016 — Microsoft Corp. (Nasdaq: MSFT) and LinkedIn Corporation (NYSE: LNKD) on Monday announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. The transaction is expected to close this calendar year.

LinkedIn is the world’s largest and most valuable professional network and continues to build a strong and growing business. Over the past year, the company has launched a new version of its mobile app that has led to increased member engagement; enhanced the LinkedIn newsfeed to deliver better business insights; acquired a leading online learning platform called Lynda.com to enter a new market; and rolled out a new version of its Recruiter product to its enterprise customers. These innovations have resulted in increased membership, engagement and financial results, specifically:

  • 19 percent growth year over year (YOY) to more than 433 million members worldwide
  • 9 percent growth YOY to more than 105 million unique visiting members per month
  • 49 percent growth YOY to 60 percent mobile usage
  • 34 percent growth YOY to more than 45 billion quarterly member page views
  • 101 percent growth YOY to more than 7 million active job listings

“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Nadella said. “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.”

“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.”

The transaction has been unanimously approved by the Boards of Directors of both LinkedIn and Microsoft. 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.

“Today is a re-founding moment for LinkedIn. I see incredible opportunity for our members and customers and look forward to supporting this new and combined business,” said Hoffman. “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.”

Microsoft will finance the transaction primarily through the issuance of new indebtedness. Upon closing, Microsoft expects LinkedIn’s financials to be reported as part of Microsoft’s Productivity and Business Processes segment. 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. Non-GAAP includes stock-based compensation expense consistent with Microsoft’s reporting practice, and excludes expected impact of purchase accounting adjustments as well as integration and transaction-related expenses. In addition, Microsoft also reiterated its intention to complete its existing $40 billion share repurchase authorization by Dec. 31, 2016, the same timeframe as previously committed.

mumbai-london-media-FINAL (1)

Microsoft and LinkedIn will host a joint conference call with investors on June 13, 2016, at 8:45 a.m. Pacific Time/11:45 a.m. Eastern Time to discuss this transaction. The call will be available via webcast at https://www.microsoft.com/en-us/Investor and will be hosted by Nadella and Weiner, as well as Microsoft Chief Financial Officer Amy Hood and Microsoft President and Chief Legal Officer Brad Smith. The presentation for the call is available on the Microsoft News Center.

Morgan Stanley is acting as exclusive financial advisor to Microsoft, and Simpson Thacher & Bartlett LLP is acting as legal advisor to Microsoft. Qatalyst Partners and Allen & Company LLC are acting as financial advisors to LinkedIn, while Wilson Sonsini Goodrich & Rosati, Professional Corporation, is acting as legal advisor.

About LinkedIn

LinkedIn connects the world’s professionals to make them more productive and successful and transforms the way companies hire, market, and sell. Our vision is to create economic opportunity for every member of the global workforce through the ongoing development of the world’s first Economic Graph. LinkedIn has more than 400 million members and has offices around the globe.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

Additional Information and Where to Find It

In connection with the transaction, LinkedIn Corporation (the “Company”) will file relevant materials with the Securities and Exchange Commission (the “SEC”), including a proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC, the Company will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the transaction. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE TRANSACTION. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the transaction (when they become available), and any other documents filed by the Company with the SEC, may be obtained free of charge at the SEC’s website (http://www.sec.gov) or at LinkedIn’s website (http://investors.linkedin.com) or by writing to LinkedIn Corporation, Investor Relations, 2029 Stierlin Court, Mountain View, California 94043.

The Company and its directors and executive officers are participants in the solicitation of proxies from the Company’s stockholders with respect to the transaction. Information about the Company’s directors and executive officers and their ownership of the Company’s common stock is set forth in the Company’s proxy statement on Schedule 14A filed with the SEC on April 22, 2016. To the extent that holdings of the Company’s securities have changed since the amounts printed in the Company’s proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Information regarding the identity of the participants, and their direct or indirect interests in the transaction, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the transaction.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the proposed transaction and business combination between Microsoft and LinkedIn, including statements regarding the benefits of the transaction, the anticipated timing of the transaction and the products and markets of each company. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect LinkedIn’s business and the price of the common stock of LinkedIn, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of LinkedIn and the receipt of certain governmental and regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the transaction on LinkedIn’s business relationships, operating results, and business generally, (v) risks that the proposed transaction disrupts current plans and operations of LinkedIn or Microsoft and potential difficulties in LinkedIn employee retention as a result of the transaction, (vi) risks related to diverting management’s attention from LinkedIn’s ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against us or against LinkedIn related to the merger agreement or the transaction, (viii) the ability of Microsoft to successfully integrate LinkedIn’s operations, product lines, and technology, and (ix) the ability of Microsoft to implement its plans, forecasts, and other expectations with respect to LinkedIn’s business after the completion of the proposed merger and realize additional opportunities for growth and innovation. In addition, please refer to the documents that Microsoft and LinkedIn file with the SEC on Forms 10-K, 10-Q and 8-K. These filings identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Microsoft and LinkedIn assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://news.microsoft.com. Web links, telephone numbers and titles were correct at time of publication, but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://news.microsoft.com/microsoft-public-relations-contacts.

Satya Nadella email to employees on acquisition of LinkedIn

Team,

I’m 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.

This 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.

Given 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?

The 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.

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. 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.

The 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 calendar year.

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.

So 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.

While 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.

Satya

Xbox introduces future of gaming beyond console generations and without boundaries

A speaker is seen at the Xbox E3 2016 Briefing Rehearsal on Sunday, June 12, 2016 in Los Angeles. (Photo by Casey Rodgers/Invision for Microsoft/AP Images)
Microsoft debuts new Xbox One family of devices, Xbox Live features and biggest lineup of games in Xbox history on Monday, June 13, 2016 in Los Angeles. (Photo by Casey Rodgers/Invision for Microsoft/AP Images)

LOS ANGELES — JUNE 13, 2016 — Monday at the Xbox E3 2016 Briefing, Microsoft Corp. unveiled a new family of Xbox One devices, a host of new Xbox Live features and the biggest lineup of games in Xbox history. Head of Xbox Phil Spencer underscored the Xbox team’s commitment to building a future of gaming beyond console generations and inviting gamers to play without boundaries.

Xbox is working to bring Xbox Live to all devices and networks — PC, console, virtual reality and mobile — to create a unified experience where all gamers are welcomed, respected and supported. The new Xbox Play Anywhere program lets gamers buy a game once and play it on both their Windows 10 PC and Xbox One console with shared progress, game saves and achievements. Every new Microsoft Studios title shown at the Xbox E3 2016 Briefing will support Xbox Play Anywhere, with more titles on the way.

“Gamers have never had more choice in how and where they play,” Spencer said. “We are bringing our biggest games lineup ever to Xbox One and Windows 10, uniting gamers across networks on Xbox Live and expanding the Xbox One family of devices with the addition of Xbox One S and “Project Scorpio” to give gamers more choice in how and where they play. There’s never been a better time to be an Xbox gamer.”

Introducing the Xbox One family of devices

The new lineup of Xbox One hardware and accessories delivers unprecedented choice and level of personalization for gamers. All Xbox One devices will play current and future Xbox One games as well as titles in the Xbox One Backward Compatibility program, and all accessories will work across every console in the Xbox One family as well.

  • Xbox One S. Debuting a sleek new design and “robot white” color, the new Xbox One S is the smallest and most compact Xbox ever. The 40 percent smaller console has an internal power supply and supports 4K Ultra HD for Blu-ray movies and content streamed from partners like Netflix and Amazon Video. High Dynamic Range (HDR) support for video and gaming delivers richer, more luminous colors in games like “Gears of War 4.”1 Available for preorder beginning today and in stores starting August 2016:
    • 500GB Xbox One S is $299/249 pounds/299 euros
    • 1TB Xbox One S is $349/299 pounds/349 euros
    • Limited launch edition 2TB Xbox One S will be available in select markets for $399/349 pounds/399 euros
  • “Project Scorpio.” Coming holiday 2017, “Project Scorpio” will be the most powerful console ever created, with 6 teraflops of GPU delivering a premier console gaming experience including true 4K gaming and high-fidelity virtual reality. “Project Scorpio” will join the Xbox One family and coexist alongside Xbox One and Xbox One S and all of your Xbox One games and accessories are compatible.
  • New Xbox Wireless Controller. We’ve enhanced comfort with a textured grip and introduced a sleek, streamlined design in white. Added Bluetooth radio gives you easy wireless connection to your Windows 10 PCs and tablets.2 The new Xbox Wireless Controller will be available worldwide starting in August for $59.99/49.99 pounds/59.99 euros.
  • Xbox Design Lab. Now fans can create their own official, one-of-a-kind Xbox Wireless Controllers with more than 8 million color variations to customize the controller body, D-pad, thumbsticks, ABXY buttons and more. Each controller is handmade to order and shipped directly to fans. Xbox Design Lab is open for orders now in the U.S., Canada and Puerto Rico for $79.99 through http://www.xbox.com/xboxdesignlab. Laser engraving is also available for an additional $9.99.
  • Xbox Elite Wireless Controller – “Gears of War 4” Limited Edition. A pro-level controller designed in collaboration with The Coalition, the Xbox Elite Wireless Controller – “Gears of War 4” Limited Edition features laser-etched claw marks and a battle-weathered design, telling the survival story of a confrontation with the Swarm. Available in very limited quantities in early October for $199.99/199.99 euros/159.99 pounds with pre-orders starting the week of June 13 at select retailers.

Uniting gamers through Xbox Live

The goal of Xbox Live is to cultivate a safe, fun and reliable online community, where all types of gamers are welcome, respected and supported. Team Xbox announced a slew of new features to break down barriers between gamers playing on different devices and make gaming more accessible for all.

  • Clubs on Xbox Live. A new way to connect with gamers and create private communities with people who have similar play styles, personal interests and values.
  • Looking for Group on Xbox Live. Like a “want ad” for multiplayer, Looking for Group on Xbox Live is the easiest way to seek out players who are available — and qualified — to jump into your multiplayer match right now.
  • Arena on Xbox Live. A new online tournaments platform designed for everyone, from novice to aspiring pro, Arena on Xbox Live brings competitive gaming to Xbox One and Windows 10 devices. Sign up for tournaments directly through the Xbox UI or the Xbox app and play for prizes and bragging rights.
  • Cross-play. Gamers on Xbox One and Windows 10 can now play select multiplayer games together. “Gears of War 4,” “Forza Horizon 3,” “Sea of Thieves” and “Scalebound” all support cross-play between Xbox One and Windows 10 PC, and now “Minecraft” players on iOS, Android, Windows 10 phone and Windows 10 devices can all join together in cross-device multiplayer fun.
  • Cortana on Xbox One. We’re bringing the popular digital assistant Cortana to Xbox One, featuring familiar voice commands available on Windows 10 devices and new gaming-specific scenarios for Xbox One. Cortana will initially launch on Xbox One in the U.S. and U.K. with additional markets coming soon after.
  • PC games (Win32) in Xbox Live. With the Xbox update coming this summer you’ll see the top PC games on Xbox Live, with more added every month. Use the Xbox app to see what PC games your friends are playing, view game clips and upload your own, and message and voice chat with friends across games.
  • Language Region Independence. Based on overwhelming fan feedback, we’re enabling Language Region Independence to give gamers even more control over their Xbox experience and how they engage with their Xbox One. Language Region Independence gives gamers the freedom to choose any supported language on Xbox One, regardless of their location.

Biggest lineup comes to Xbox One and Windows 10

Xbox premiered a wide range of games launching in 2016 and beyond for Xbox One and Windows 10, including a mix of exclusives, blockbusters and independent games through the ID@Xbox program.

  • “ARK: SURVIVAL EVOLVED” (FIRST ON XBOX ONE AND WINDOWS 10). The wildly popular indie game from Studio Wildcard has sold over 1 million copies on Xbox One via Game Preview, and is soon coming to Windows 10. Stranded naked, freezing and starving on a mysterious island, you must hunt, harvest, craft items, grow crops and build shelters to survive. Learn how to tame, train, breed and ride dinosaurs and primitive creatures living on the ARK as you forge new paths across the beautiful open world in this large-scale survival game. Team up with hundreds of players online, play split-screen locally or brave the island on your own.
  • “BATTLEFIELD 1” (ELECTRONIC ARTS). Featuring some of the largest, most dynamic battles in FPS history, experience the dawn of all-out war across war-torn France, in the sand dunes of the Arabian Desert, and in the skies over London — only in “Battlefield 1.” Join in massive 64-player battles and experience unexpected Only in Battlefield moments during a time where the old world was destroyed, giving way to the new one. Play it first, exclusively on Xbox One with EA Access beginning Oct. 13. Available worldwide on Xbox One and Windows PC on Oct. 21, 2016.
  • “DEAD RISING 4” (WORLD PREMIERE). Developed by Capcom Vancouver, “Dead Rising 4” marks the return of photojournalist Frank West in an all-new chapter of one of the most popular zombie game franchises of all time. With an unmatched level of weapon and character customization, ambitious new features including new zombie classes and EXO Suits, “Dead Rising 4” delivers a heart-pounding experience as players explore, scavenge and fight to survive in an epic open-world sandbox. Available Holiday 2016 on Xbox One and Windows 10.
  • “FINAL FANTASY XV” (SQUARE ENIX). “FINAL FANTASY XV” is the highly anticipated action RPG and 15th mainline entry in the iconic “FINAL FANTASY” franchise. Set in an enthralling world where fantasy meets reality, players will join Crown Prince Noctis and his comrades on an epic journey of brotherhood, love and despair as they unravel Noctis’ destiny and take up arms against the nefarious Niflheim empire. With a captivating cast of characters, breathtaking visuals, open world exploration and action-packed real time combat, “FINAL FANTASY XV” is the ultimate “FINAL FANTASY” experience for fans and newcomers to the series. Available worldwide for Xbox One on Sept. 30, 2016.
  • “FORZA HORIZON 3” (XBOX ONE AND WINDOWS 10 EXCLUSIVE — WORLD PREMIERE). The best-selling racing franchise returns with “Forza Horizon 3.” Race and explore the rugged wonder of Australia with your friends in over 350 of the world’s greatest cars as you win millions of new fans and build the world’s greatest automotive festival. As the new boss of the Horizon Festival, you can modify every aspect of race events, and how you get to the finish is up to you. Available worldwide as an Xbox Play Anywhere title on Sept. 27, 2016.
  • “GEARS OF WAR 4” (XBOX ONE AND WINDOWS 10 EXCLUSIVE). A new saga begins for one of the most acclaimed video game franchises in history. After narrowly escaping an attack on their village, JD Fenix and his friends Kait and Del must rescue the ones they love and discover the source of a monstrous new enemy. “Gears of War 4” returns the franchise to the dark tone and intensity of the original and includes split-screen and online co-op, the next generation of the five-player favorite, Horde Mode, 60 frames-per-second Versus multiplayer, and stunning visuals powered by Unreal Engine 4. Available worldwide as an Xbox Play Anywhere title on Oct. 11, 2016.
  • “GWENT” (WORLD PREMIERE OF CLOSED BETA ON XBOX ONE AND WINDOWS 10). “Gwent,”the hit card game from CD PROJEKT RED’s game of the year — “The Witcher 3: Wild Hunt” — is now its own standalone collectable card game. Inspired by player feedback, with new rules and mechanics, “Gwent” puts players and their style of play, and not only their cards, in the center of the action. In “Gwent,” You are the Wild Card.
  • “HALO WARS 2” (XBOX ONE AND WINDOWS 10 EXCLUSIVE). The best-selling console real-time strategy (RTS) of all time is back! Developed in partnership by 343 Industries and Creative Assembly, “Halo Wars 2” is an action-packed RTS on the biggest Halo battlefield ever. Get ready to lead armies of Spartans and other Halo fighting forces like Warthogs, Scorpions and exciting new units in a brutal war against a terrifying new enemy, The Banished. Available worldwide as an Xbox Play Anywhere title on Feb. 21, 2017.
  • “INSIDE” (FIRST ON XBOX ONE). Developed by Playdead, “INSIDE” is the long-awaited follow-up to 2010’s groundbreaking digital hit “Limbo.” Featuring Playdead’s trademark dark art, emotion and game craft, this adventure puzzler ships June 29, 2016, and is available for pre-order now. To celebrate the launch, “Limbo” will be free to all Xbox players from June 13‒20.
  • “MINECRAFT” (REALMS AND ADD-ONS). Mojang and Microsoft showcased cross-device multiplayer between iOS, Android, Samsung Gear VR and Windows 10 devices, made possible with Monday’s launch of the “Friendly Update” for “Minecraft: Windows 10 Edition” Beta and “Minecraft: Pocket Edition.” With Xbox Live and the “Minecraft Realms” service, Windows 10 and mobile Minecraft players can host their own multiplayer worlds on private, cloud-based servers and play with friends 24/7, even when the original world creator is offline. Starting today, players with Xbox Live accounts can try “Minecraft” Realms on mobile and Windows 10 free for one month through the “Minecraft” app. The team also announced new game add-ons coming this fall that will let players modify their in-game worlds to customize key game elements and create their own maps and minigames.
  • “RECORE” (XBOX ONE AND WINDOWS 10 EXCLUSIVE). From legendary video game creator Keiji Inafune and Armature Studio LLC, the team behind the “Metroid Prime” series, comes “ReCore,” an action-adventure game masterfully crafted for the modern generation. Play as Joule, one of the last remaining humans, and forge friendships with courageous robot companions to lead them on an epic adventure through a mysterious, dynamic world. Available worldwide as an Xbox Play Anywhere title starting Sept. 13, 2016.
  • “SEA OF THIEVES” (XBOX ONE AND WINDOWS 10 EXCLUSIVE). Developed by Rare, the legendary creators of “Perfect Dark” and “Banjo-Kazooie,” “Sea of Thieves” is an immersive, shared world adventure game filled with pirates, unexpected dangers and loot for the taking. Be the pirates you want to be, share adventures with friends, and set your own rules, roles and goals in a world where every sail on the horizon is another crew of players with unknown intent. “Sea of Thieves” offers an experience that will evolve over time, landing in players’ hands early and growing based on feedback from the community.
  • “STATE OF DECAY 2” (XBOX ONE AND WINDOWS 10 EXCLUSIVE, WORLD PREMIERE). The next installment in the fan favorite “State of Decay” franchise immerses you in an all-new multiplayer zombie survival fantasy. Players work together to build lasting communities where choices made shape an interconnected world and form a unique experience every time. Available worldwide as an Xbox Play Anywhere title in 2017.
  • “SCALEBOUND” (XBOX ONE AND WINDOWS 10 EXCLUSIVE). From critically acclaimed developer PlatinumGames Inc. and renowned Game Director Hideki Kamiya, “Scalebound” brings epic adventures and battles at enormous scales across the beautiful and dangerous open world of Draconis. Customize main hero Drew and your dragon, Thuban, to suit your playstyle as you battle legions of soldiers and massive monsters solo or cooperatively with up to three additional friends on Xbox Live. Available worldwide as an Xbox Play Anywhere title in 2017.
  • “TACOMA” (FIRST ON XBOX ONE AND WINDOWS 10). It is the year 2088, and humanity has taken to the stars. You step aboard the abandoned space station “Tacoma,” the facility’s Augmented Reality technology your only connection to the crew that once lived here. What happened to them — and what role did the station’s AI overseer, ODIN, play? Discover the truth in “Tacoma,” Fullbright’s follow-up to the genre-defining story exploration game “Gone Home,” when it comes to Windows 10 and Xbox One next year.
  • “TEKKEN 7™” (BANDAI NAMCO ENTERTAINMENT INC.). An engrossing story intertwines the past, present and future fates of fan-favorite characters in “TEKKEN 7.” Known for revolutionizing the fighting genre through both its hard-hitting gameplay and diverse cast of characters, “TEKKEN 7” introduces enhanced fight mechanics alongside a slew of new combatants to ensure that your next fight won’t ever be your last. Available worldwide for Xbox One in early 2017.
  • “TOM CLANCY’S THE DIVISION– EXPANSION I: UNDERGROUND” (UBISOFT®). Dive into the underbelly of New York to save what remains in Underground, the first expansion for “Tom Clancy’s The Division.” Explore the randomly generated mazes of subways, tunnels and sewers to fight deadly enemies and recover powerful loot. Experience an all-new incursion and find the latest weapons, gear and more. Available first on Xbox One and Windows PC beginning June 28.
  • “WE HAPPY FEW” (FIRST TO CONSOLE ON XBOX ONE). Developed by Compulsion Games, “We Happy Few” is coming to Windows 10 and Xbox One this summer. In a dystopian, mod 1964 England that lost World War II, the citizens of Wellington Wells are taking a happy drug called “Joy,” and living in denial of their grim existence and a terrible past. Can you survive among them once you stop taking your Joy become a “Downer?”

Pre-order now at your Microsoft Store or local retailer

With more than 100 retail locations across the U.S., Canada, Puerto Rico and Australia, and through microsoftstore.com, fans can begin pre-ordering their favorite games and select accessories and hardware from this year’s Xbox E3 2016 Briefing right now. For a list of Microsoft Stores, visit https://www.microsoft.com/en-us/store/locations/find-a-store.

Other news

For additional news throughout E3 week, tune in live to Xbox Daily: LIVE @ E3 at 7 p.m. ET/4 p.m. PT on Tuesday and Wednesday, and go to https://news.xbox.com.

More details about Xbox One, Xbox One games and the latest Xbox news at Xbox E3 2016 Briefing can be found at https://news.xbox.com.

Press releases and media assets can be found at https://news.xbox.com/media (and relevant content can be found by clicking on Select Category).

Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

Multiplayer on Xbox One requires Xbox Live Gold subscription (sold separately).

14K streaming with select apps, see Xbox.com. HDR functionality available with supported games and TVs. Some apps require app provider-specific subscriptions and/or other requirements.

2Windows 10 Anniversary update required.

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at https://news.microsoft.com. Web links, telephone numbers and titles were correct at time of publication, but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at https://news.microsoft.com/microsoft-public-relations-contacts.

Satya Nadella email to LinkedIn employees on acquisition

LinkedIn Team,

I am flying back to Seattle more energized and inspired after spending the day on your Mountain View campus and talking with many of you. From the moment I met Jeff I knew he was a special leader creating a special place at LinkedIn — your sense of purpose is palpable. A few years ago one of my mentors shared the idea that we spend far too much time at work to not find deep meaning in what we do. I sense you all feel that at a profound level too. I know that you came to LinkedIn to make a difference in the world, and I want you to know that I believe that, working together, we can make an even bigger and more positive difference in the future.

Jeff, Reid, Qi and I have started dreaming about what we ca do together. I like that Reid calls today a re-founding moment and Jeff so clearly sees how Microsoft can help LinkedIn achieve the mission you relentlessly pursue. I have spent a lot of time learning about LinkedIn while also reflecting on how networks can truly differentiate cloud services. Over the past decade we have moved Microsoft Office from a set of productivity tools to a cloud service across any platform and device. This deal is the next step forward for Microsoft Office 365 and Dynamics as we connect them to the world’s largest and most valuable professional network — LinkedIn. I know we’ll invent new ways to help professionals achieve more as we reinvent selling, marketing and talent management business processes. Please take a look at the presentation Jeff and I shared earlier with investors and the email I shared with the Microsoft team today.

As we get to know each other better, I thought it would be helpful to share with you the email I sent to my team a few years ago when I took on my new job. I wanted the team to better understand what motivates me and the opportunity I see for Microsoft. Most of all, I wanted to start the process of rediscovering our soul. As you learn more about us, I think you will find many commonalities in our culture and purpose as well as how eager our team is to partner with you, to learn from you and — perhaps most important — to make a difference in the world with you.

 Satya

*************

From: Satya Nadella

Sent: Tuesday, February 4, 2014 6:11 AM

To: Microsoft – All Employees

Today is a very humbling day for me. It reminds me of my very first day at Microsoft, 22 years ago. Like you, I had a choice about where to come to work. I came here because I believed Microsoft was the best company in the world. I saw then how clearly we empower people to do magical things with our creations and ultimately make the world a better place. I knew there was no better company to join if I wanted to make a difference. This is the very same inspiration that continues to drive me today.

It is an incredible honor for me to lead and serve this great company of ours. Steve and Bill have taken it from an idea to one of the greatest and most universally admired companies in the world. I’ve been fortunate to work closely with both Bill and Steve in my different roles at Microsoft, and as I step in as CEO, I’ve asked Bill to devote additional time to the company, focused on technology and products. I’m also looking forward to working with John Thompson as our new Chairman of the Board.

While we have seen great success, we are hungry to do more. Our industry does not respect tradition — it only respects innovation. This is a critical time for the industry and for Microsoft. Make no mistake, we are headed for greater places — as technology evolves and we evolve with and ahead of it. Our job is to ensure that Microsoft thrives in a mobile and cloud-first world.

As we start a new phase of our journey together, I wanted to share some background on myself and what inspires and motivates me.

Who am I?

I am 46. I’ve been married for 22 years and we have 3 kids. And like anyone else, a lot of what I do and how I think has been shaped by my family and my overall life experiences. Many who know me say I am also defined by my curiosity and thirst for learning. I buy more books than I can finish. I sign up for more online courses than I can complete. I fundamentally believe that if you are not learning new things, you stop doing great and useful things. So family, curiosity and hunger for knowledge all define me.

Why am I here?

I am here for the same reason I think most people join Microsoft — to change the world through technology that empowers people to do amazing things. I know it can sound hyperbolic — and yet it’s true. We have done it, we’re doing it today, and we are the team that will do it again.

 I believe over the next decade computing will become even more ubiquitous and intelligence will become ambient. The coevolution of software and new hardware form factors will intermediate and digitize — many of the things we do and experience in business, life and our world. This will be made possible by an ever-growing network of connected devices, incredible computing capacity from the cloud, insights from big data, and intelligence from machine learning.

This is a software-powered world.

It will better connect us to our friends and families and help us see, express, and share our world in ways never before possible. It will enable businesses to engage customers in more meaningful ways.

I am here because we have unparalleled capability to make an impact.

 Why are we here?

In our early history, our mission was about the PC on every desk and home, a goal we have mostly achieved in the developed world. Today we’re focused on a broader range of devices. While the deal is not yet complete, we will welcome to our family Nokia devices and services and the new mobile capabilities they bring us.

As we look forward, we must zero in on what Microsoft can uniquely contribute to the world. The opportunity ahead will require us to reimagine a lot of what we have done in the past for a mobile and cloud-first world, and do new things.

We are the only ones who can harness the power of software and deliver it through devices and services that truly empower every individual and every organization. We are the only company with history and continued focus in building platforms and ecosystems that create broad opportunity.

Qi Lu captured it well in a recent meeting when he said that Microsoft uniquely empowers people to “do more.” This doesn’t mean that we need to do more things, but that the work we do empowers the world to do more of what they care about — get stuff done, have fun, communicate and accomplish great things. This is the core of who we are, and driving this core value in all that we do — be it the cloud or device experiences — is why we are here.

What do we do next?

To paraphrase a quote from Oscar Wilde — we need to believe in the impossible and remove the improbable.

This starts with clarity of purpose and sense of mission that will lead us to imagine the impossible and deliver it. We need to prioritize innovation that is centered on our core value of empowering users and organizations to “do more.” We have picked a set of high-value activities as part of our One Microsoft strategy. And with every service and device launch going forward we need to bring more innovation to bear around these scenarios.

Next, every one of us needs to do our best work, lead and help drive cultural change. We sometimes underestimate what we each can do to make things happen and overestimate what others need to do to move us forward. We must change this.

Finally, I truly believe that each of us must find meaning in our work. The best work happens when you know that it’s not just work, but something that will improve other people’s lives. This is the opportunity that drives each of us at this company.

Many companies aspire to change the world. But very few have all the elements required: talent, resources, and perseverance. Microsoft has proven that it has all three in abundance. And as the new CEO, I can’t ask for a better foundation.

Let’s build on this foundation together.

Satya