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23 Structure  $196 per share, $26.2 billion enterprise value  All cash consideration  Expected to close by the end of this calendar year Financing  Purchase price to be financed primarily with new debt Financial Impact  Minimally (~1%) dilutive to non-GAAP EPS in FY17 and FY18 based on expected close date  Accretive to Non-GAAP EPS in FY19 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  $150 million of cost synergies annually by 2018 Capital Return Program  Previously announced share buyback program (~$10B remaining) will be completed on schedule Financial Reporting  Currently expect to report results for LinkedIn post close in our Productivity and Business Processes segment  New KPIs will be finalized prior to close

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