In a new interview with Bloomberg TV, Microsoft co-founder Bill Gates says he was “very encouraging” of Microsoft’s $26 billion LinkedIn acquisition because it got here collectively behind-the-scenes, based mostly on the potential for the two corporations to do extra collectively than on their very own.
“I believe it’s a nice transaction. LinkedIn brings in a lot,” says Gates in the interview. “I do know Reid Hoffman, Jeff Weiner, the crew there have construct an unbelievable viewers so mixed with what Microsoft does, working with individuals and productiveness, serving to professionals talk. I believe there will probably be a lot of synergies there so I used to be very encouraging as that deal got here collectively and glad to see that it actually occurred.”
Requested about the inventory market’s tepid response to the deal, he mentioned, “I actually assume the worth of the two corporations mixed is bigger than the two by themselves however I really like the concept that the market desires us to point out that.
He added, “I imply, the firm is skilled in software program and managing these audiences and it’s nice that they now have the alternative to surprise the world and say ‘Oh my God look this feed, this skilled feed in LinkedIn that’s how I need to study, my profession, my firm, my business and I’m going again there.’ If we are able to make that as, say, precious as as the Fb feed in the social world, that’s large worth creation and that’ll occur over a interval of years.”
On the potential challenges, Gates mentioned, “Microsoft like most tech corporations has had offers which have gone higher than others. I believe we’ve obtained good preparation this one, and the nature of the synergy is fairly clear.”
Watch a portion of the interview with Gates by Bloomberg Tv’s Erik Schatzker above. The total interview is about to air the week of June 27.