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
Microsoft | LinkedIn Deal Presentation Page 23 Page 25