but this deal is all about bringing together the world's leading professional cloud and the world's leading professional network if you think about how people work today it's split between these two worlds they're using office on a daily basis they're using systems like Dynamics for their CRM and human capital management and then of course they're using their professional network and the dream that I've always had is how do we make this come together so that we can serve our customers so when I think about reinventing productivity and business process this is really about completing that scenario
and read Jeff and I have known each other for a while and we've been talking about these things together for a while but to me this is about the next phase of growth for Microsoft of course we can do things commercially in terms of integrations now but when I think about the opportunity ahead around productivity business process and the professional network it's a tremendous opportunity to expand our ability to grow so Satya again when exactly did this phase of the conversation begin and and tell me what you see as the crown jewel that the core
asset that LinkedIn has that's gonna really enable that reinvention of productivity that you've talked so much about I would say we started in earnest in February talking about some of the deep scenarios LinkedIn by itself you know is a multi-sided market ah there is LinkedIn membership and that LinkedIn member who along with the office 365 usage because these professionals are using office 365 on one side and LinkedIn on the other side so that's one massive opportunity for us to increase engagement and both but think about the other side of LinkedIn it is about hire market
sell and learn that's all business process that's a huge opportunity for us to integrate and expand into business processes with Dynamics so those are the two sides that are both crown jewels of LinkedIn but really it's about putting them together with the crown jewels of Microsoft that is office 365 and our cloud and that's what's sort of super exciting and we started talking about it in February and since then things have picked up faith Jeff obviously we remember talking to you after that that January or February earnings call and you're selling for where the shares
were just before that how do you feel about price and what does it say about the u-turn that we've made in the shares since that time yeah for us it's always been about the realization of our long-term objectives mission and vision and this combination very meaningfully accelerates our ability to realize those goals it also takes our scale to a completely different level and you look at Microsoft's footprint across over a billion customers and the opportunity to seamlessly integrate our network within the Microsoft cloud to create a social fabric if you will that can be seamlessly
integrated into areas like Outlook calendar office windows Skype dynamics Active Directory for us that was an incredibly exciting opportunity Jeff you write in your letter to employees about the intensifying competition from the large tech companies about wanting to be part of one of those instead of going up against one of those I'm wondering what benefits you think the scale of Microsoft will give you considering that you'll still be a relatively standalone company and whether you think other companies faced with the same threat of competition should make the decision you made yeah you know it dates
back to the third quarter of last year there was a clear pattern that emerged following the earnings reports from the tech Titans if you will you look at Google Apple Microsoft Amazon and Facebook and within the span of a few days after their earnings reports collectively those companies increase their market capitalizations by somewhere on the order of a hundred billion dollars it used to be that scale was hundreds of millions of users and billions of dollars of market cap today it's billions of users or customers and hundreds of billions of dollars of market cap and
the combination of our two companies having Microsoft behind us just enables us to realize the things that we always dreamt of doing and so we're excited about it hey CNBC fans thanks for checking out our YouTube channel here you're going to find videos packed with all of the information that you need to be smarter about your finances you can subscribe by clicking right here and click on all the videos around me or the I right here to watch the latest from CNBC thanks for watching
