Nadella and jeff weiner, a megadeal they announced this morning. 26. 2 billion. Microsoft looking to buy linkedin. Satya, congratulations first on this deal. I know you have some things probably you want to say about this deal off the top. But when you approached linkedin with this deal and why buy versus partner with this company if its going to be run as its own entity within microsoft . Thank you, jon. This deal is all about bringing together the worlds leading professional cloud and the worlds leading professional network. If you think about how people work today, its split between these two worlds. They are using office on a daily basis, they are using systems like dynamics for their crm and Human Capital management and then of course, they are using the professional network. The dream that i have always had is how do we make this come together so that we can serve our customers. This is really about completing that scenario and jeff and i have known each other for awhile. We have been talking about these things together for awhile but to me, this is about the next phase of growth for microsoft. Of course we can do things commercially in terms of integration but when i think about the opportunity ahead around productivity, business process and the professional network, its a tremendous opportunity to expand our ability to grow. So again, when exactly about this phase of the conversation begin and tell me what you see as the crown jewel, the core asset that linkedin has thats going to really enable that reinvention of productivity that you have talked so much about. I would say we started in earnest in february talking about some of the deep scenarios. Linkedin by itself is a multisided market. Theres linkedin membership and the linkedin member along with the office 365 usage because these professionals are using office 365 on one side and linkedin on the other side. Thats one massive opportunity for us to increase engagement on both. Think about the other side of linkedin. It is about higher market sell and learn. Thats all business process. Thats 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, its about putting them together with the crown jewels of microsoft. That is office 365 and our cloud. Thats whats sort of super exciting. We started talking about it in february. Since then, things have picked up pace. Jeff, obviously we remember talking to you after that january or february Earnings Call and you are selling for where the shares were just before that. How do you feel about price and what does it say about the uturn that we have made in the shares since that time . Yeah. For us, its always been about the realization of our longterm objectives, mission and vision. This combination very meaningfully accelerates our ability to realize those goals. It also takes our scale to a completely different level. You look at microsofts 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 large Cap Tech Companies about wanting to be part of one of those instead of going up against one of those. Im wondering what benefits you think the scale of microsoft will give you, considering that you will 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 in the span of a few days after their earnings reports, the companies increased their market capitalization by somewhere on the order of 100 billion. It used to be the scale was hundreds of millions of users and billions of dollars of market cap. Today its billions of users or customers and hundreds of billions of market cap. The combination of our two companies, having microsoft behind us, enables us to realize the things that we always dreamt of doing. So we are excited about it. Jeff, im not ignoring you. Its just the way these questions are flowing, i havent gotten a chance to ask you one yet. Back to satya, talk to me about linkedin within the Business Model for cloud. Within azure, how is having linkedin, its data, its traffic, its revenue, going to help the azure business and also, within office 365. You touched a little bit on that, but there are a lot of potential connections with linkedin that could help the 365 experience. From software as a service and platform as a service, Business Model perspective, talk about what linkedin ideally is going to bring to you. Absolutely. When i think about microsoft cloud its really about three clouds, azure, dynamic, office 365. Really, linkedin helps us in all fronts. In fact, linkedin by itself is now a new cloud thats going to be part of our microsoft cloud and the growth will also help us. The scenarios are very straightforward. The richness of the professional graph that linkedin represents and the enterprise graph that we represent which is if you think about whats underneath office 365, underneath dynamics, is the information, people, the relationship with other people, the calendars, the schedule. Bring that together with the professional network, skills, job history, other people you are connected to in your profession, then think about even a simple thing. You are walking into a meeting with a bunch of people that you are meeting for the first time, cortana wakes up, your personal digital assistant and tells you about the connection you have with them through your professional network. Thats the type much scenarios in office 365. Dynamics, social selling in linkedin integrated with dynamics, transform crm. Human Capital Management between dynamics and the Talent Management systems and solutions that linkedin has. Learning which im so excited about what we can do between the learning solutions that linkedin has and all of office 365 in every day usage. Plenty of scenarios across the board. You can actually think about this marriage of microsofts corporate graph and linkedins professional graph as a huge leap forward for the economic graph vision digitally mapping the global economy. You can imagine a day where theres the economic graph is a service. That can be the development side. That would be the azure connection. That is potentially very interesting. Jeff, does this teaming up, this acquisition of linkedin, give you more headroom to invest aggressively in growth in the near term . We saw what happened to the stock earlier this year, your rallying cry to the troops who are always conscious of stock price issues. Does a microsoft acquisition take some of that market pressure off the table append aw you to invest without the quarter to quarter concerns . Theres no doubt in terms of the timetable there, jon. You know, you always want to remain focused on what it is you are ultimately trying to accomplish. But the reality is theres going to be volatility. Theres going to be increasing demand for reaccelerating growth and or expanding margins. Satya and i share a vision for the realization of what it is that we are trying to accomplish and the way in which that creates value for the combined companies. So we are looking forward to continuing to pursue intelligent growth through additional investment. On the Youtube Video that you put out this morning, you said you have been thinking about this for awhile. I would love for you to unpack that a little bit. Whats awhile . Who spoke to who first . What were the conditions regarding some of this . Was it only going to happen if they were able to operate independently . Can you talk about some of that . You know, we have known each other for awhile now which is multiple years. I think the first time i met jeff was at a microsoft ceo event we host every year, a couple years ago, and we always talked about this notion of what does it mean to think about the professional network and office in particular, and how these two graphs can come together. But when jeff and i started talking in february about whats that next phase beyond commercial integration, can we truly take what is today a fragmented Work Environment for professionals and complete the scenarios more tastefully and with better relevance, even take the news feed on linkedin if it was informed with things like what projects are you working on, what is your calendar looking like for the next two weeks. Think about how you can bring a. I. To improve the relevance of that feed. Thats what excited us. And the mission, one of the things that really excites me about jeff and his leadership is his purposedriven culture. When i think about our mission its about empowering people and organizations on the planet to achieve more. Theres no better play to do that than to really connect the worlds professionals and make them more productive and successful. Thats really what got us going. Beyond the alignment on purpose, satya had a vision for linkedin to operate as an independent entity, much in the same way as youtube, instagram, that have gone on to extraordinary success and impact on a global basis following their acquisitions. It was that combination of alignment in terms of sense of purpose and structure that we both got really excited about. Well, its a big vision and a big task that the two of you have ahead of you. Thanks for joining us first on cnbc. Jeff weiner of linkedin and Satya Nadella of microsoft. I would love to get your thoughts. We talked a little about the deal before the interview, but now given what they told us, what do you think . I think it is a deal that throws down the gauntlet for the rest of the cloud players, including microsoft and google, which is trying to get its own Cloud Business off the ground. I think they are going to walk a fine line with trying to keep linkedin independent, which clearly was one of the conditions of getting this deal done, but also doing the kind of integrations that satya is talking about. He wants linkedin to spur growth in all of these different avenues, office 365, dynamics and azure, of microsofts Cloud Business. Thats going to be a real management and leadership challenge for him. Everything we have seen out of him thus far suggests that hes hungry for that kind of a challenge but we will see it play out in realtime over the next 18 months to couple years. Jon, the m a history of microsoft is checkered at best. Skeptics would point out they are no stranger to multi billion dollar deals followed by multi billion dollar writedowns. I wonder if you think the company has been given a new and longer leash, if hes being given the benefit of the doubt. They have done some deals that have worked. They do seem to have integrated skype into their suite. Yammer was a San Francisco company, sort of social Enterprise Software they bought and also integrated. Those scalewise are not what linkedin is. Linkedin touches a lot of different members and consumers and of course, you run into that concern, people feel like oh, well, dont ruin what it has going for it. The fact that they are going to keep this independent is also very interesting. I would say yes, microsoft has had some negative headlines of late and how certain things have turned out but you cant forget when it comes to Enterprise Software, a lot of the things they have purchased have worked out pretty well for them. All right. Certainly an interesting conversation. We will be talking a little more about it. Monster deal this morning. Great interview out west. We are also following the latest out of orlando. The deadly nightclub shooting that left 50 dead. We are getting new and disturbing details on the gunman. We go live to orlando when squawk alley returns. eeeeohmumohweh hush my darling. dont fear my darling. the lion sleeps tonight. hush my darling. man snoring dont fear my darling. the lion sleeps tonight. woman snoring take the roar out of snore. Yet another innovation only at a sleep number store. Great time for a shiny floor wax, no . Not if you just put the finishing touches on your latest masterpiece. Timings important. Comcast business knows that. Thats why you can schedule an installation at a time that works for you. Even late at night, or on the weekend, if thats what you need. Because you have enough to worry about. I did not see that coming. Dont deal with disruptions. Get Better Internet installed on your schedule. Comcast business. Built for business. We want to get to orlando and get the latest on this situation, the gunman opening fire at a nightclub over the weekend leaving 49 victims dead, dozens injured. Eamon . Reporter so much focus here on omar mateen, who he was, what motivated him, what could have precipitated this horrific attack here in orlando, florida. Now the focus turning a little bit to the family members. His father has been speaking to the press today. We have a little bit of new sound from him. What is striking about this is the different picture you get in hearing about this man from his father and then hearing about him from his exwife. They paint almost pictures of two entirely different people. Heres what the father had to say a little earlier today. Take a listen. I dont approve what he did. What he d was completely act of terrorist. I condemn what he did. I wish i did know that what he was doing. If i did catch him, i would have arrested him myself. Reporter so on the one hand you have his father saying the family is shocked by this, condemns the activities, condemns the terrorist attack. On the other hand, you had his exwife out yesterday talking to the press, explaining that this was a very violent man, that he beat her on occasion and that he often took violent actions in terms of the family, other family members. So two very distinct pictures of the same man. Investigators have a lot to sort out here in orlando, florida. Speaking of sorting out, eamon, lot of people curious about the timing of the fbis investigation into any Electronic Devices that the shooter may or may not have had, and what might be on those drives, what communications they might suggest. Do we have any indication when we might start to get that kind of information . Reporter well, we dont as of yet. We havent heard of the discovery of any particular devices but as you remember so well, so much focus in the wake of the San Bernardino shootings earlier in the year as to what was on the shooters iphone. That kind of intelligence will be very valuable here. Its not clear exactly what devices he used or had. Investigators were stymied a little bit in getting access to his apartment because of fear that he might have left boobytraps or bombs. They were able ultimately to get into that apartment, presumably by now, im assuming here, investigators are going through anything that he left behind, any resource of any kind, whether its social media, computers, devices, contacts he had with other people. In fact, the fbi in their press conference earlier today asked anyone who knew this shooter to call them and give them more of a full picture of who he was and why he did all this. Eamon, of course we remember after the San Bernardino shooting, how after the suspects apartment was vacated by the fbi, it was basically a freeforall with the media there. Im wondering how closely the shooters home in southern florida is being monitored as a crime scene at this point and whether you know when there will be any more forensic information from the fbi from that site. Reporter well, we dont know. I would imagine we will hear a little more from the president. We are expecting to hear from the president of the United States very shortly. We are also expecting to hear from the fbi in the noon hour. So perhaps some more information about to come out here from there. But that scene in San Bernardino was so strange to those of us who covered this over the years. Typically those crime scenes are completely locked down and secured but there, the scene was turned back over to the landlord, who opened it up for the media to have full access to it. The fbi afterward and Law Enforcement afterward said you know what, once we are done with it, once we are clear from that scene, we do turn it over to the person who owns it and they have control of that site. So they defended their actions there. We arent seeing anything like that here just yet. But clearly, this investigation is just Getting Started as they try to piece together all of the myriad details here that might paint a picture of why this awful tragedy happened. Speaking of the tragedy itself, eamon, the city of orlando whose mayor has already called this the darkest day in the citys history, is about to undergo the process of aligning all of these memorials, funerals, just a series of very tough days ahead for the city of orlando. Reporter carl, i cant even begin to describe the grief thats on the scene here in orlando as people really struggle with the notification of the family. I was at the hotel yesterday that was the rallying point for the family members who feared they might have lost someone. As they were notifying those families that their loved ones were indeed dead, and i have just never seen anything as heartbreaking in my entire life. You had hundreds of people there in tears, in shock, screaming, family members clutching each other in desperation, wishing this news was not the news they were getting. You had all the people there to help, members of the clergy of a number of different faiths, you had volunteer organizations there just passing out water and food, basic things like that. You had Law Enforcement there with counselors trying to help, police, fire, everyone there to try to help these families who are in such desperate need in that moment and there was just nothing those helpers could really do to change the fundamental terrible reality th