microsoft buying linkedin. just over $26 billion.inkedin shares on pace for the best day since the day the company went public. up 47%. elevation partners will weigh in. the dow had been eking out some gains this morning, now lower by about four points. we will get more on that when "squawk alley" returns. we're good. okay... what if a million people download the new app? we're good. five million? good. we scale on demand. hybrid infrastructure, boom. ok. what if 30 million people download the app? we're not good. we're total heroes. scale on demand with the number one company in cloud infrastructure. how's check it out. lights.? meeting configuration. blueprints. call hruska. we've gotta set up a meeting. sure. how do you spell that? abreu, albert, allen, anderson c, anderson r.... you know what? i'll just tell him myself. door. andrade... it's about time business communications caught up. call anyone in your network just by saying their name. call hruska. vonage. business grade. people friendly. >>> in a moment we will hear from th

emily: that was the microsoft ceo and the linkedin ceo on the announcement of the microsoft $26.2 billion acquisition of the professional social network. i want to discuss further with my guest, ceo of a recruiting platform at the top of the job market. you have some against the grain thoughts about this acquisition here? it started with, if microsoft were a better company linkedin never would have a -- would have existed, explain. >> my basic point is microsoft is the essential tool or an essential tool for many people at work. if microsoft had been smarter about seeing where workplace communication was going, it would not have let companies like dropbox and vox emerge, file storage better than microsoft could do it. it would not allow companies to do chat better than microsoft to do it and it would not have allowed the creation of a professional network like linkedin. emily: that said, john, you have a startup that is taking on linkedin and now microsoft. what this is mean for you? you are pretty happy about the deal when you walked in. >> i think any startup would prefer to have their

linkedin with microsoft could compete.f you looked at the presentation, it was focused on sales relative to recruiting, which is linked in's biggest biggest -- business line. emily: does twitter get spooked into selling here? >> there was a lot of interest in what this means for twitter. i find it hard to believe that an acquisition of linkedin would really have anything to do with an acquisition of twitter. , though it is a social network, it is not really an advertising company. they get 2/3 of their revenue selling to recruiters and other professional people. i'm not sure they are hoping for a twitter acquisition if this linkedin deal means a lot for them. emily: marketing solutions is another big part of the business, the other third of the business and a business microsoft is not really in. the advertising business. how does this change the competitive landscape? john: we spoke with people this morning that were trying to piece together, is this about sales cortana, something to , integrate with office? there is uncer

microsoft got its man. this is very positive for microsoft. and i don't care that it's not accretive. obviously, microsoft was not getting a hot multiple. >> minute dilutive. >> but now you're speaking about sales force, adobe, oracle, although oracle is obviously, its platform is software, too, and we'll hear from them this week. and now microsoft. microsoft had missed social, missed cloud, they had missed mobile. by the way, steve ballmer before satya came in admitted as much by saying listen, you know, like we were off track. >> true. >> very positive. very positive. >> weiner and nadella have apparently put together a youtube video which we'll see in a moment. >> let's take a look at that! >> they point out they've been working on this for a while, which raises the question how much else out there do you think is being seriously evaluated by other companies? >> well, objection, i think that microsoft was unique in n that it had a lot of cash and did not have much social-mobile cloud. if you look at chuck robbins, what he did with mcisco. h

all of the microsoft acquisitions have ended badly for microsoft and for the acquired company. big question. will they buck the recent history of terrible dealmaking? emily: google did this with youtube. we will watch this closely. thank you both. the u.s. aviation regulators are cracking down. amazon has been fined $350,000 for sending hazardous cargo. this is not the first time they have been in the hot seat for this. the faa released a statement that said that amazon has been found to violate the hazardous materials regulations 24 times. coming up, apple plans to give paypal a run for their money. that and more from the conference, next. ♪ emily: back to our coverage of the apple conference. much has been announced at the conference. here to get the scoop on what apple has, we have our bloomberg news reporter and we will start with you. the shares have been down. was what we saw today enough to reverse course? >> it is not enough. it will lay some groundwork to upgrade to the next versions of the phone and the good news is that important things happened today. emily: what do

microsoft set to buy linkedin. microsoft will be financing the deal issuing new debt. saying it will have a minimum dilution of 1% to adjusted earnings per 2017 as well as 2018. joining us for more, cory johnson on the phone. why did microsoft want to buy linkedin? >> it is interesting. it is a huge deal. it puts them in a situation where they want to be offering business services, software business services, with profitable margins. linkedin has margins growing fast. it puts them in a position having a lot of growth. it is a very expensive deal to acquire that growth. is growing worldwide and has had success in china. it is one of the largest, fastest-growing social media companies in the world. david: give me the strategy here from microsoft's point of view. this is a big deal. why do you make this move? year, we broke the story microsoft was in talks to buy salesforce. there were three companies we have heard microsoft might be therested in getting into enterprise software business. that clearly is the direction he wants to take the company. with salesforce, there w

emily: microsoft ceo jeff ceo, jeff microsoft weiner, linkedin ceo back with me -- actually we don'te them back. we are still working on this. vonnie, back to you. vonnie: we will go to julie hyman at the markets desk. atie: you are just looking the major averages which recently went into the green. the s&p and the dow particularly back in the red. definitely it is looking more mixed at the moment, even though what you are seeing is all three major averages technically down. downow losing the least, six and half points. take a look at the bloomberg here. the pivot point has been energy as is relatively common. this is pretty mixed between green and red. discretionary shares are also gaining. if you take a look at oil prices you will see the fluctuation there as well. you see here crude oil turning positive. all right, julie, thank you. we will try -- third time lucky -- to go back to emily chang in san francisco and her interview with microsoft ceo satya nadella and jeff weiner in mountain view. emily? emily: third time is the charm. jeff, i will throw this one a year -- link could n

what does microsoft see?s a 50% premium on the closing priced -- it is a 50% premium on the closing price of last week. paul, what is the business logic here? all these different moving parts -- do you think they can all work? >> it is a phenomenal amount they have paid. this is bigger than any acquisition microsoft have made before. we look back when they acquired skype and nokia. those are dwarfed by this. what is linkedin worth to microsoft? if you look at it in more detail, microsoft have been having a tough time of late. they are pushing their operating system. the phone business is not going well. they are known for their office software. every office in the world is likely to use microsoft office, whether it be outdated or not. linkedin is the social network for business. they have become synonymous with doing business across the world. millions of users. 433 million users have their details on linkedin. they have their information of where they work, when they are looking for jobs, how they are moving

microsoft is buying linkedin. one of the richest tech deals on record. is microsoft overpaying? we have an interview with honeywell ceo. technologies recently fell through. can talks be revised. of hour from the close trading. >> we are down at session lows. a snapshot of where we stand. nasdaq taking a beating now. down two thirds of a percent. we are seeing a bunch of headwinds and fears related to that from the fed. we are in a risk off environment. we want to show you what is happening with the s&p 10 sectors. this is basically a broad. a tepidly broad selloff. are down by 1%. telecoms had been negative. utilities is in positive territory when rates come into the conversation. information technology had been the biggest lag or -- lagger. it had been in the green earlier today. morgan stanley saying it is up anding production sectors boosting their long-term views on brent and crude for $20 per barrel on both sides of the atlantic. theing at what is on dashess side of things, up two thirds of a percent here. we are seeing copper rise. nymex crude down by half a percent. down

for microsoft. cisco systems, telecommunications giant, $65 billion in cash and oracle on the computer software side. what's interesting about these companies, they all have one thing in common. they're all very, very credit worthy. according to s&p, each one of these companies has a credit rating of at least aa minor or later. they're one of two to have that vaulted aaa rating. johnson & johnson is it. they said they were going to take a look at microsoft to see whether or not this acquisition could affect their long-term rating. for now, microsoft one of two companies that has that s&p triple credit rating. back over to you. >> something they'll be exploring later. dom chu at the wall of knowledge. thank you very much. >>> does this deal make sense for microsoft and will we see more dealing coming forward. >> joining us now is mark hauten. good to have you with us and what a roller-coast ride it has been. let's just start with what it means for the future of linkedin. >> well, hi, kelly. thanks fo

we take bitcoins and give microsoft the currency. microsoft never takes the bitcoin.y: so it's not as much of a working capital as it is for you guys, i guess. always good to see you. viacom.p, more drama at believed among is moving -- philippe delmont is moving from the board. movingtify could be closer to an ipo. the company's most recent higher. we will be right back. ♪ could spotify be moving closer to an ipo? paul vogel seems to hint at that. vogel was hired to manage investor relations. will work under the current cfo. viacom.anges coming at sumner redstone has moved five members from the board, including ceo philippe dauman. this is the result of the battle raging. lucas joins us from los angeles. why is this happening now and not six months ago? you -- well, if reporter: well, if you look at amusementst national has been, they have been very methodical. they have taken multiple steps to slowly cut philippe dauman members, board long-time allies of sumner redstone out of their lives. it all started about a month ago when they took philippe and george abrams off

but that's what microsoft said.you have $47 billion in debt, adding $26 billion on top of that does cause some questions, no question about. that. >> what is your take on the deal? how does microsoft monetize this? >> the short answer, is look, when we look at m & a, we think about it in two kind of dimensions. one is the price and i think it's fair to say that they're paying a pretty significant premium. i think it's close to 60 times expected earnings for linked dms this year. on the other hand, the stock in november was $250 plus the share. microsoft is paying less than $200, right? so it seems like price, it seems stretched but it's okay. from a strategic perspective, a lot of us can understand how they would connect the dots with linked in in terms of thinking about outlook and contacts and the network and contact there's. the problem is as you point out, how do they monday he ties that? how does that accelerate growth? linked dms is a company that had a 35% growth rate in 2015 and is going to decelerate next y

we have the news on microsoft. microsoft acquiring linked in.cquired linked in for $196 per share. all cash transaction. 26.2 billion dollars. that's inclusive of linked in net's cash. linked in will retain the existing brand and culture. jeff weiner will remain ceo of the company. they are all fully in support of the transaction. >> linked in, by the way, market capital before the deal was announced was $15.5 billion. it's a large deal. >> looks to me all cash transaction at $26.2 billion. it includes the cash they have on hand. >> microsoft has been around a long time. >> they have not. >> the one before this was the phone company they bought. that they got -- >> nokia. >> right. >> that was only -- >> that was substantially less. they bought skype over the years. that was a smaller deal. >> this is not the way they've done things before. i don't know you immediately say do you understand the synergies here? >> that's the question. what it does for them. does it put them more -- it clearly puts them more into the business community. it gives a

can microsoft make this work? microsoft has not had a great history of integrating big deals.f you look at nokia, or skype to a certain extent. one of our gadfly columnists put it bluntly, can microsoft do this wiht -- without breaking its new toy? i am emily chang in san francisco. manus: a great round up by emily. i've gone to bloomberg intelligence. they have run the numbers to see who gets what. this,med, take a look at these are some of the stats. for hundred 33 million users from linkedin. 7 million active job listings and 2 million pet subscribers. standpoint,rategic it seems like a natural extension of microsoft's business. from a financial standpoint, microsoft is sitting on a load of cash. it has $100 billion in cash. it needs to put that to work. it is quite amusing that it is called an all cash deal. it is an all debt deal. the multiples they are paying are potentially excessive. this is very much on the prospect of integrating the business successfully, which as was noted, could be a challenge. anna: this is reid hoffman. just got $1 billion richer. boosted by thi

it became affordable for microsoft at $26 billion. it's a hefty price but it is a price microsoft can deal with. it was certainly a day for -- a good day for shareholders. guest: a former employee of deutsche bank is going to prison for three years. he was put behind bars for his role in a tax evasion scheme that involved carbon emission certificates. five other defendants were given lighter sentences. the scheme was uncovered five years ago when the european union was hit by so-called carousel trades. buyers of eu permits would buy them in one country and paid no tax on the transactions and would then sell them to each other, adding a bogus value added tax. will they or won't they? in just 10 days, the people of britain will bow on whether to stay in or leave the european union. politicians and business leaders on both sides of the english channels are worried about the repercussions of a possible brexit vote. as stocks posted losses, the price of gold hit a four-week high. reporter: concerns are growing that written my vote to leave

microsoft about the linkedin deal. the other potential targets for microsoft, now that is probably not happening. 9% in the wake of the deal. a little less than 1%. bring peoplet to out today with the latest scotus decision. that $2 billion bill payment for , that is $70 billion worth of debt the island has. mark: up ahead it is crude phillips at a one-week low. . . live from bloomberg world headquarters in new york and london, i'm vonnie quinn. rk: and i mark barton in london. let's get you first word news. >> thank you, mark. the u.s. a bring court has deal that would allow puerto rico to restructure its debt. the court ruled 5-2 the measure was barred under federal bankruptcy law. bloomberg's monthly tracker 6.9% gain in saw a gdp in china. private investment q spelling, but that has been offset by government spending. -- a quarter of pilots have walked out because they have to work longer without pay. there have been other disputes including new laborer forms. the former olympic runner oscar pistorius faces 15 year

can microsoft get this to work? >> it's about bringing together the professional cloud, which is in the core of microsoft, and the professional network. the dream we always had is how can we connect these two worlds so that our mutual users, the professionals of the world, can get their work done more seamlessly? that is the vision. >> how is this integration going to work? trying to make linkedin the social fabric of all of office. will besocial profile there on all of your operations, excel, powerpoint, and the like. >> why is this an all cash deal and why is microsoft are owing to buy linkedin? >> they have enough to buy linkedin four times over. it may be because it will lower the tech giants tax ill. while microsoft does have $100 billion in cash, most of it is parked offshore. if they brought home any of that to fund the purchase, it would bill.te quite a tax as far as how the tech industry will respond, many are interested to see what this will bring. >> in deed. we will have a deeper look at microsoft and li

this is microsoft doing tax compliance software. that's sort of its government business sweet spot and they're sticking to that for now. all this is going to continue to expand. >> does this mitigate any reputational risk that microsoft might incur in the because the legalization of marijuana on a state level was controversial. >> well, absolutely. and look, for kind financial, think about the small startup company based in los angeles. this really validates their business plan r. it validates the entire industry in a way to have a big, giant american corporation like microsoft come in and put their good government seal of approval on it. it's huge for the marijuana industry. for microsoft this was a threshold that they wanted to cross eventually and now they're doing it deed. >> eamon, thanks as always, eamon javers in washington. >>> coming up, money in the bank. the newest perk a growing number of companies are offering to attract the best workers >>> macy's and its union avert a strike. a tentative deal for a new labor contract

morgan stanley won the role on microsoft's advisor for microsoft to buy linkedin.isor says morgan stanley may reason between $10 million and $20 million on the transaction. goldman sachs had worked on $25 million worth of deals for microsoft. aviation regulators are seeking a fine against amazon.com, accusing them of improperly sending a chemical that made contact with nine workers at a ups ability. companies hit by the fines can negotiate with the agency and sometimes have their penalties reduce. -- reduced. david: nokia has signed a deal with china mobile to provide infrastructure on the cloud network and will give china mobile a type of 5g ready base station. is the bloomberg business flash. vonnie: coming up, private equity tightened again. we will discuss with the more tech companies will be taken private. we also have a lens into the future of digital finance. ♪ vonnie: you are watching bloomberg markets. i'm vonnie quinn along with david gura. microsoft buying linkedin for $26.2 billion, one of the largest tech deals on record. david: joining us now at the c

microsoft agreeing to buy linkedin. this could be a bad thing more microsoft investors. we'll explain. stocks hover near all-time highs. one technician is sounding the alarm. he'll tell us what has him nervous. the fear gauge just hit a three-month high. one trader made a massive bet that is going much higher. we'll take you behind the trade that raises a lot of eyebrows from the street when "fast money" returns. it takesbut stealing itd work to eaonly took a few days. female announcer: protect your money. find out if you're dealing with a registered investment professional at investor.gov. before you invest, investor.gov. mary buys a little lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. >>> this deal is all about bringing together the w

it used to be microsoft, ibm, microsoft, ibm. ibm almost seems left out of the discourse.t about them is that they have shifted more towards their services business. what it comes down to for these mega companies, they need to find big areas of growth in the future. companies that just kind of focus on their existing lower growth are not going to go very far. that is why you see coming like facebook go after the whole augmented reality and google go after self-driving cars. they do not see these big pockets that they are going after. my recommendation to ibm would be to do what these other smart companies are doing. tom: gene munster, thank you so much, with piper jaffray. he will join michael mckee and i on radio. tomorrow, scarlet fu. she is motivated. i think it is a live meeting meeting or just because scarlet fu will be in attendance. our special coverage of the fed. the fed decides, 1:00 p.m. tomorrow. ♪ tom: you need to know the tape is better than it was two hours ago. francine lacqua and london. i am tom keene in new york. yen stronger, dollar stronger, euro weake

scarlet: microsoft buys linkedin for $25 million.oe: global equity shows increasing anxiety over the brexit vote next week. we speak to one strategist about a defensives strategy is not the answer. >> and the energy complex, is it looking better? scarlet: dave wilson was just telling us that this is the first three data climb for the s&p 500 in a month and we saw indexes close after session lows . the inverse is the increase in the fix. 21 from 17 on friday. if you look at the past 12 months, historically it has averaged 19.86. elevated when you consider where we came from on friday. joe: two days in a row, a real selloff, not massive. all 10 s&p sectors in the red today. biggest loser, the material stocks down over 1%. selloffs in asia and europe as well. >> there was not a lack of news out there for people to trade on . of course the moment we woke up today the big thing out there was this microsoft linkedin deal. it should come as no supplies to either of you that the stock with the highest volume today was microsoft. you felt as

that said, if microsoft is looking at linkedin, microsoft is a competitor to salesforce.tter of fact, microsoft thought about buying salesforce last year. but those talks dissipated after we broke that story. similar to linkedin, microsoft shares fell. from my understanding, they heard that from shareholder saying, don't do this, at least not yet. salesforce stock has gone up and up and up. they are more successful today and when microsoft was talking about them doing a deal. nhey cannot come to an agreement about price. maybe salesforce decided that the price was too steep and too big of a bet. microsoft decided vessels force was too big of a bed for them -- microsoft decided that salesforce was too bit of a bet for them last year. if you look back to the last two months or so, the enterprise software world has blown up in terms of m&a. there are 7, 8, 9 deals that have been announced in the last two th months. there is something going on here where the spread between buyer and seller has become appropriate enough for deals are getting done. on top of that, you add in th

. ♪ >>> yeah, "deal talk" microsoft is acquiring linkedin, the biggest purchase in microsoft historyce the new ceo at the helm. shares of linkedin fell on the news. nadella telling us it's a new drive for the company. >> we've been talking about this together for a while. for me, this is the next phase of growth for microsoft. of course, we can do things in terms of swelling gration but we're ahead in terms of opportunity and business process. and network. it's a tremendous opportunity to expand our ability to grow. >> the head of research at manhattan venture partners joins us live in the cnbc headquarters. senta, good to sigh. see you. >> good morning. >> people are scratching their head saying what's in it for microsoft compared to linkedin? >> hi, thanks for having he. i think it's a win-win proposition for both of them. i think both of them benefit, more so linkedin, as you saw from the last quarter numbers their revenues were kind of slowing. the growth engine was kind of slowing down according to growth initiatives. and microsoft is always looking for an edge. they're very big

you saw microsoft dip. microsoft bounced off those lows, back up near 50. meanwhile, look at the way things are trading, sales force, that's not out of the question. >> you may know our next guest for his views on apple, but guy kawasaki also happens to be a linkedin shareholder. the former apple chief evangelist is here with us today. we will get his views on the worldwide developers conference in just a moment. since you're here, thank you for being here, are you a happy man today? >> it's good to be a linkedin shareholder. >> kind of a loaded question. >> i think it's a very interesting deal. as a professional, you don't exist if you're not in linkedin. they are going to get every professional. and you kind of don't exist if you don't use office. kind of makes sense. i'm so conflicted, i'm just so happy. i'm beside myself. >> are you surprised this deal transpired? >> when i first read it, i thought this is the onion. they are making up a story. who would have figured this. it came out of nowhere. it's fantastic. >> was one of the reasons because weiner

it's not that microsoft has a bad culture. has a fine culture but it's different from the culture at linkedin. it's one of the favorite places to work not just in the bay area but worldwide. it's high on the list of great places to work. it's not like one or the other company has a bad culture but there will be culture clash. there will be the fact that microsoft people are a little more bureau at inning. used to doing things one way or -- where as the linkedin people may be a bit more laid back and it's going to rub off on some linkedin people. >> mitchell marks from san fransisco state. thanks for joining us and filling us in on this ak which situation of microsoft taking over linkedin. thank you. >>> time for weather. game time 6:00. a lot of people are going to be inside. or outside trying to get to the game. >> you're right. it's heating up inside oracle. it sure is a cool one outdoors. we do have folks beginning to show up for that game and folks showing up for the aes came as well. the low clouds and the fog hanging tou

let's look ahead on the microsoft linked in deal. the biggest challenge that it has now is regulatory approval especially over in the european union. how likely is that? theell, margrite is head of antitrust at the e.u. she said are we going to use data in a way that kind of creates a disadvantage for competitors. now, they took a close look at facebook, what's app. we don't have any indication that there's not significant indication that there's going to back huge hurdle. i would turn it and say that the biggest challenge they're going to face is getting their synergies, really making as bill gates say he thinks two are better than one. they need to prove it. i think that's going to be their biggest challenge. i don't think regulatory is going to be their biggest. >> looking into the data that they're talking about that the e.u. chief talked about. what would be a barrier that might potentially raise a red flag here? >> i think any time you have a monopoly situation that you use that to put up barriers to entry for another player to

microsoft's $26.2 billion acquisition for $196 per share. a 49.5% premium, where it went out friday. made up my mind for me. tech is back and it is back in a big way. that makes me feel like the oil-related decline we had today. it is giving us some excellent buying opportunities. this is fabulous news for the market. tech represents over 18% of the s&p 500. with the exception of a few high profile names, it has been in the doldrum for ages. lincoln is one of those companies, the social net working professional company was trading at 31 earnings. linked in has been signaling that the growth has been slowing somewhat. in fact when the company reported in february, letting investors know the growth slowed from the 30s to the 20s and there were macro issues weighing on the company, that is code for link in the being a lot more sensitive to the global economy than we thought. it was devastating. it went from $192 to 108 in a single session. it was able to claw pack to 130 mpbl after a teent quarter. so it is worth noting that microsoft is paying

much the way they been able to integrate into microsoft. it's good that we have chris here, so that we can talk about how these deals impact other companies. viewpoint, you have been around the situation where you have been the one doing the big deal or you have had a client on the other side doing a big deal. how does this impact the board level? the end of the day, you have to remember that this is a cash deal. there must be some decision-making process that says, what's the status quo value proposition for our own shareholders? materiallyropped earlier in the year and is this premium enough to compensate shareholders? at the same time we care about our employees in this business and we wanted to be in good hands, so there had to be a merger partnership as well to make sure it was going to do well under the microsoft umbrella, so it is the. that's a nice balance for the , also thinkinger about the business longer-term. on the microsoft side, certainly as they look at the puzzle and what they are trying to fill in and social, mobile, they

can microsoft make this work? microsoft has not had a great history of integrating big deals. if you look at nokia, or skype to a certain extent. one of our gadfly columnists put it bluntly, can microsoft do

that's one way for microsoft to keep their numbers low and let microsoft beat expectations, by loweringtions. it's probably not realistic. microsoft is getting a better deal than they may be letting on. emily: what's your reaction to that? zia: i'm not going to get into the economics. that sounds like a great analysis. linkedin is part of a strong professional network. you've got the business capabilities and the sophomore platform -- software platform. those two things seem to fit together. and you see such other combinations, enterprise and users will become an important combination. emily: was this a good bye form -- buy for microsoft? will they see results sooner than other deals? cory: microsoft's history says they will screw it up. that's the ultimate question -- can they make this merger work? can they make linkedin what it has been, which is a company that has been successful, or are they going to screw it up like so many other acquisitions, nokia, and technology -- ad technology? what do they do with this thing? satyagen at ella -- is nadella's microsoft any better at acquisiti

to compete with microsoft, but it is making sense that he would want to add that quality to it.terested in, and he would not talk specifically, but i cannot imagine that he was interested in the media business which is not profitable, but interested in the recruitment stuff that was sort of starting to see the softness for linkedin, but probably a good additive to his sales force offering and made sense that he would go for it, but it is ironic that microsoft looked at sales force which is a bert buy for them rather than linkedin. >> and what doesn't make sense, kara, is that the bennioff said he was looking for linkedin bolstering microsoft wanting th that, and mi make microsoft look good while throwing his weight behind linkedin. >> i don't think that he was going to bid that much, and he didn't think it is that much, or was able to nor could. but i guess -- >> but going public with the fact that he was interested making microsoft that they got a prize, and why not just keep quiet? >> it makes them look like they got a prize? i am not sure. >> and because of the cloud cred, an

microsoft is buying it for $26 billion. microsoft has the cash. it is buying microsoft down to box. two other big web names can be made bond because of the linkedin news. twitter is up 8%. whom i buy them a shimmer gel, same story. a significant gain. 39 census holidays, looking to see who might buy them. ashley: there's been nothing from the middle east. a statement in saudi arabia condemning the attack on innocent people. by the way, homosexuality is illegal in saudi arabia. they went to saudi arabia in 2011 and 2012, looking at the possibility was there to attend. stuart: homosexuality is punishable in saudi arabia. we should you prefer the 10 year treasury yield almost than 1.62, 1.63%. that is extremely low. that might not be helping the market this morning. back to terror. donald trump talk today about proposal for a temporary ban on muslim immigration. roll the tape. >> you have thousands of shooters like this at the same mentality out there in this country and we bring thousands and thousands back into this country. talking about people from syria where we have no idea who t

microsoft paying 26 billion dollars plus to purchase linked in. mark: two minutes to the close of trading in europe. have a look at where equities are trading, every single industry group is trading lower on the stoxx 600, down for the fifth consecutive day. days, 7% hasive been wiped off the value of european equities, the most since february 11. that was when the stoxx 600 fell , 600two and half year low billion euros has been wiped off the valley -- value. we are down by 8% since april the 20th. it is all about brexit fears and as the fed meets on its day one, the boj, boe, and smb all meet this week. look at volatility in equities. this is europe's fear index, rising for a fifth consecutive day, the longest stretch since march. it has risen by 55% in the past five days. it is below february's high and august's high when we had the chinese devaluation. that was the most since 2011. we are also seeing some stress in the currency markets as well. the premium for one-month --tacts -- contracts compared to those betting on an advance has surged nin

the price microsoft is paying is $196 per share. so we're climbing up there.s a 50% premium to friday's close. as we see shares of linkedin surging, they're jumping 46%. that's the largest gain ever for the company. shares of microsoft pulling back by 2.75%. >>> the seemingly endless bidding process for yahoo!'s web assets in its third and final rounds, verizon and at&t, a group led by quicken loans founder also expected to reach the final round. we've got verizon moving higher by 11 pennies, at&t down 4 pennies. listen, doesn't really matter where they move, it's what happens and who wins. we'll be watching yahoo! very closely too. >>> to the tragic story still unfolding in orlando. folks, it is not over. we still have victims clinging to life as the search is now in full swing to find out what drove omar mateen to murder 49 innocents. fbi director james comey spoke to reporters just hours ago, said his initial findings show that mateen had, quote, strong indications of radicalization. he also confirmed that mateen spoke to a 911 operator three times during t

trending some microsoft still own it, and adding to oracle. >> jon, are you bullish microsoft?> still. still bullish microsoft. in call spread, simon. nerd, gutted a fine amount of risk, along the 48s, short the 52s. basically trading around 50. a longer term trade for me. just basically willing to be in that trade. nothing with the currency yu cu changed in the vote. nothing changed in britain. >>> and this applies for technology which makes so much money in europe. if the sterling is going down, less in dollar terms, isn't it? >> if they repatriate? >> yes. >> and most of it, in apple's case, stay overseas. i don't think they'll repatriate. sorry. >> and companies, many have 40 percents for 50% of earnings derived in the month of june for the quarter coming up. can you just imagine what happened in the month of june for many of these companies and what guidance is going to be? you have to be selective. why i actually prefer oracle. they just reported. we have a little time. i think you'll have a lot of companies being very cautious on the technology space. >> did you buy micr

let's start with microsoft. laughing for microsoft, andallows them to compete it probably extends the outlook because of the thing about integrating people's profiles, their profile data, and usability i think it becomes more useful than it is today. linkedin, it gives them space to operate. this past quarter, by demonstrating how fickle they were, and the second thing is the best thing for them is i probably inc. the presumptive ceo is here to stay. aggressive.t and >> do you think he will replace him?> >> in five to 10 years, he will be in his early 50's. if you give him a half trillion dollar cap company and a couple hundred billion in cash, he will do great things for microsoft. andy: you went on a rant linked and is one of the biggest offenders. is that ok? >> i think what is happening -- the short answer is no. short companies like amazon and facebook are moving the conversation to the primary metrics that they report and force every other company to do the same thing. the post i wrote was about making sur

about microsoft buying linkedin. jon: we will be airing your interview with the ceo of monumental sports and entertainment. first of all, let's go around the world and check in with our bloomberg team for in-depth coverage of the top story. simon kennedy and lyndon on the brexit campaign -- in london on the brexit campaign on hold for a second day. withchilcote in russia vladimir putin speaking at an economic forum in st. petersburg. simon kennedy joins us from london. great to have you with us. silence on both sides of the campaign. campaigning suspended by both sides for seven days -- for a second day today. very little brexit chatter. otherwise, christine lagarde making a speech in vienna in which she touched on the issue. that is the only commentary we've seen. tonight, the imf releases a delayed report on the economic outlook on the brexit and a couple of polls that may well be redundant now because they were carried out before yesterday. of pause in the campaign. jon: the questions are being asked about whether

-- what tell add to microsoft and to linkedin?ongly aligned the organizations were in terms of our purpose and mission which i wouldn't necessarily have expected. we're about helping our members to be prosecutor productive and successful. microsoft -- to be more productive and successful. microsoft wants to help its customers achieve more. we've done it through a professional network. they've done it through the cloud. the combination of the assets changes the game. >> people want to read this as a sign that microsoft is becoming a different kind of company, and you give it some leverage to do that. >> i think for starters, we can add a social layer, a social fabric to all of microsoft's products. so they reach over a billion customers through applications like outlook, calendar, office, windows, skype, active directory dynamics. and imagine being able to understand who you're talking to, connecting with within that environment, through calendar integration. you're on your way to a meeting with someone you don't know well. we can

microsoft acquired linkedin. we asked those to speak on this. listen in. >> i see this as an opportunity for microsoft to expand. it will depend a lot upon the of how much is it integrated and how much is it not. >> the trick is, can you encourage them to keep its own culture and, you know, still get some benefits? because obviously, people, if they never talk to anyone at microsoft, what is the point? right? that balance is tricky. >> microsoft might even take bigger risks as opposed to being a come -- a public company that needs to report quarterly. teamnk that the linkedin can really think now is the time to really take bigger risks. emily: coming up, the legendary bc aiming for infinity and beyond. the futuristic funding of the space energy, next. twitter is going to be just fine. our in-depth conversation with the venture capitalist later this evening. we are live at the bloomberg conference in san francisco. ♪ ♪ emily: this is a special edition of "bloomberg west," live at the bloomberg technology conference where we have been speaking wit

dollars so there's a statement that just came out, microsoft is buying linkedin so it's on microsoft's that they're doing that. that's big news and-- >> we'll look at that and get more on that. the global market, broader market asian markets selling off overnight. and off more than 3%. investors on edge over this week's federal reserve meeting, as well as fears that britain may be exiting the euro zone. that weighing on european markets. as you can see the ftse 1100 in london off, and cac quarante leading the way to the down side off 61 points or 1 1/2%. germany down as well. here in the u.s., we are looking at a lower open on wall street, less than an hour from now. dow futures up 59 points, s&p futures off 6 and nasdaq futures leading the way there, off 20 points ahead of the opening bell. a reminder, the new york stock exchange will be holding a moment of silence in the wake of the orlando massacre. 29-year-old omar mateen opened fire in a florida nightclub, killing 50 people and injuring others. jeff flock is in orlando where a press conference just took place and, jeff, we learned