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Those are the latest headlines from BBC World News. | :00:00. | :00:00. | |
Now for the latest financial news with Sally. | :00:00. | :00:07. | |
Does Microsoft have it's head in the cloud? | :00:08. | :00:24. | |
Analysts weigh up the tech giant's move to buy LinkedIn for a whopping | :00:25. | :00:27. | |
And Xbox goes head to head with PlayStation in the latest | :00:28. | :00:30. | |
round of console wars with both sides unveiling new gaming | :00:31. | :00:33. | |
Also in the programme, as we head closer to the UK's | :00:34. | :00:44. | |
decision on its future in Europe the pound | :00:45. | :00:46. | |
We gauge the mood among small business leaders. | :00:47. | :00:49. | |
It's one of the biggest tech deals in history but is it the right fit. | :00:50. | :01:02. | |
That's the question many are now asking following Microsoft's move | :01:03. | :01:05. | |
to buy LinkedIn, the professional social networking website. | :01:06. | :01:07. | |
It didn't come cheap either, Microsoft is paying $26 billion | :01:08. | :01:09. | |
in cash for the networking site, which works out at $196 | :01:10. | :01:12. | |
a share, a huge premium on Friday's closing price. | :01:13. | :01:14. | |
The company's shares tanked in value earlier in the year | :01:15. | :01:16. | |
on a disappointing revenue forecast but as you can see | :01:17. | :01:19. | |
when the news broke of the takeover it rocked back, rising by 47% | :01:20. | :01:22. | |
and finishing the day at just over $192 a share. | :01:23. | :01:33. | |
Well it has 106 million monthly active users which gives Microsoft | :01:34. | :01:46. | |
the chance to boost its sales of its business and email software. | :01:47. | :01:49. | |
However, the tech giant is effectively paying $248 for each | :01:50. | :01:51. | |
of those active users leaving many to question if this deal | :01:52. | :01:54. | |
For example Microsoft's last big acquisition lead it to write down | :01:55. | :02:06. | |
almost the entire value it paid for Nokia less than a year after it | :02:07. | :02:09. | |
Here's our technology correspondent, Rory Cellan-Jones. | :02:10. | :02:21. | |
It is a social network for business, linking more than 400 million people | :02:22. | :02:24. | |
worldwide, who make professional contacts, seek new jobs, | :02:25. | :02:26. | |
But now, LinkedIn is being bought by Microsoft in the software | :02:27. | :02:38. | |
The two partners explain why they thought this | :02:39. | :02:41. | |
When you think about Microsoft, you think about professionalism | :02:42. | :02:45. | |
to realise that mission than connecting the world's | :02:46. | :02:50. | |
professionals, and making them more successful. | :02:51. | :02:55. | |
Our mission statements have different words. | :02:56. | :02:56. | |
But at the end of the day, we are really trying to accomplish | :02:57. | :03:00. | |
Connect the world's professionals, make them more successful | :03:01. | :03:03. | |
Just a quarter of LinkedIn members, 106 million people, visit | :03:04. | :03:15. | |
That compares with the 1.65 billion who visit Facebook. | :03:16. | :03:18. | |
But Microsoft is now paying the equivalent of $247 | :03:19. | :03:20. | |
Just for context, for the same money it could have bought Sky TV, | :03:21. | :03:24. | |
a business which made big profits last year, | :03:25. | :03:26. | |
when LinkedIn made a substantial loss. | :03:27. | :03:28. | |
The company's last big move, buying Nokia's mobile phone | :03:29. | :03:30. | |
business, went badly, the entire value of the deal written | :03:31. | :03:33. | |
But Microsoft is turning into a cloud computing company, | :03:34. | :03:38. | |
storing customers' data on its own computers, | :03:39. | :03:40. | |
them all kinds of services now including LinkedIn. | :03:41. | :03:42. | |
The hope is the network brings with it something very valuable. | :03:43. | :03:45. | |
The data about each worker in the workplace, their contacts, | :03:46. | :03:48. | |
who they have worked with before, who they would like to work with, | :03:49. | :03:51. | |
is extremely valuable from an enterprise perspective, | :03:52. | :03:53. | |
and for Microsoft to sell services around the world. | :03:54. | :03:55. | |
Some LinkedIn users took to the network to express concern | :03:56. | :03:57. | |
They may need convincing that connecting with Microsoft | :03:58. | :04:00. | |
As well as going on a rather expensive shopping spree in the last | :04:01. | :04:05. | |
24 hours Microsoft has been burnishing its gaming credentials, | :04:06. | :04:07. | |
announcing the release of not one but two consoles at this year's E3 | :04:08. | :04:10. | |
They're just one of the companies hogging the limelight | :04:11. | :04:14. | |
at the gathering with Sony arguably stealing the show with its | :04:15. | :04:16. | |
Well Dave Lee our North America technology reporter is there | :04:17. | :04:28. | |
and a little earlier he caught up with the head of | :04:29. | :04:31. | |
What big announcements have we seen from Sony? Well, their press | :04:32. | :04:44. | |
conference has just finished, and their big announcement is that their | :04:45. | :04:49. | |
virtual reality headset will be out this year, in October. The idea is | :04:50. | :04:56. | |
that it brings games into a new world so we can experience them in | :04:57. | :05:01. | |
different ways. This is a big deal for Sony, because it means they will | :05:02. | :05:04. | |
beat the competition to what many people are describing as the future | :05:05. | :05:09. | |
of gaming. They always have the benefit of going second and they | :05:10. | :05:20. | |
tend to make the most of that. Tell us about Microsoft announcing two | :05:21. | :05:23. | |
new consoles, how is that going down? That was a surprise to | :05:24. | :05:29. | |
everyone, really. The first console they announced this morning is a | :05:30. | :05:34. | |
slimmer version of the Xbox. That will be out later this year, but | :05:35. | :05:38. | |
more interesting than that, they said in 2017 they would bring out a | :05:39. | :05:42. | |
whole new console that is capable of flying these high end games. Many | :05:43. | :05:55. | |
parents will think, I only bought an Xbox three years ago, which was when | :05:56. | :05:59. | |
the most recent one came out. I put that question to Phil Spencer, about | :06:00. | :06:04. | |
whether parents should be worried about having to shell out again. No | :06:05. | :06:10. | |
one gets left behind. Staying with your Xbox and continuing to play the | :06:11. | :06:15. | |
games you know and love, we can we think that is great. This is a | :06:16. | :06:20. | |
choice you have is a game. You don't have to move forward, the games are | :06:21. | :06:23. | |
moving out, they will be playable on the Xbox that you bought a few years | :06:24. | :06:29. | |
ago from us, and on the new one. So, the big gamble is that Sony have | :06:30. | :06:36. | |
gone straight into virtual reality, with some that may not be as good as | :06:37. | :06:41. | |
Microsoft's next year. Microsoft that's decided to wait and bide its | :06:42. | :06:45. | |
time. Whether the games will gravitate towards Sony and get used | :06:46. | :06:52. | |
to that, we will find out. If it is not as good as Microsoft, then Apple | :06:53. | :06:55. | |
back via. Two different strategies, both hoping to claim the ground. It | :06:56. | :07:01. | |
will be interesting to see who has made the right call. Thank you very | :07:02. | :07:05. | |
much. While many of the headlines relating | :07:06. | :07:07. | |
to the UK's EU referendum have been generated by the views of big firms, | :07:08. | :07:11. | |
there are in fact more people working in small and medium | :07:12. | :07:16. | |
sized businesses or SME's who will have a chance | :07:17. | :07:18. | |
to vote on the issue. According to the UK government | :07:19. | :07:21. | |
15.6 million people are employed by SMEs, | :07:22. | :07:24. | |
that's 60% of all private sector The combined annual turnover | :07:25. | :07:27. | |
of those business is around $2.6 trillion, that's 47% of all private | :07:28. | :07:33. | |
sector turnover in the UK. Today BBC Business begins | :07:34. | :07:36. | |
its series of films focusing on what this important part | :07:37. | :07:38. | |
of the UK's economy thinks I am and salt, and I'm managing | :07:39. | :08:06. | |
director of a dairy, we have been supplying goats milk to the market | :08:07. | :08:11. | |
and speciality dairy products to the UK and overseas markets. Personally | :08:12. | :08:16. | |
I want to stay in the EU. The farms that suppliers are all farmers that | :08:17. | :08:24. | |
benefit from subsidies. There is a lot of red tape around Europe, and | :08:25. | :08:27. | |
I'm sure there are times when it will be criticised for the amount of | :08:28. | :08:32. | |
paperwork and how awkward it can be to deal with and be part of the EU. | :08:33. | :08:37. | |
From a farming point of view, the subsidies the farms get benefit from | :08:38. | :08:45. | |
that income, and if that were to be taken away, the only thing is that | :08:46. | :08:51. | |
food prices would increase or we would have two absorb costs, which | :08:52. | :08:54. | |
in the current climate is not possible. | :08:55. | :09:03. | |
And you can get more on what information businesses think | :09:04. | :09:08. | |
of the Uk's EU referendum as well as what both sides say | :09:09. | :09:11. | |
on a whole range of issues as the BBC' referendum webpage | :09:12. | :09:14. | |
Unions in France have urged members to provide a show of strength | :09:15. | :09:20. | |
in Paris today as a general strike gets underway in protest | :09:21. | :09:22. | |
against the government's labour reforms. | :09:23. | :09:24. | |
The reforms make it easier for companies to lay off workers, | :09:25. | :09:26. | |
reduce pay and introduce flexible working hours. | :09:27. | :09:28. | |
The government hopes it will help to lower the country's | :09:29. | :09:31. | |
high unemployment rate by encouraging companies to take | :09:32. | :09:33. | |
IPhone and iPad users will soon be able to send Whatsapp messages | :09:34. | :09:38. | |
or book Uber cars via voice commands. | :09:39. | :09:41. | |
The announcement was made by apple at their Worldwide Developers | :09:42. | :09:44. | |
The company also said it would be bringing its digital assistant Siri | :09:45. | :09:48. | |
to the next laptop and PC operating system, bringing it in line | :09:49. | :09:51. | |
markets remain nervous ahead of the events take place this week and | :09:52. | :10:11. | |
beyond. The UK referendum is coming up. Quite volatile, and you can see | :10:12. | :10:21. | |
the figures here. Almost 100 years after she sank, | :10:22. | :10:38. | |
divers are attempting to discover more about the fate of the Titanic's | :10:39. | :10:40. | |
sister ship, the Britannic. Despite also being billed | :10:41. | :10:44. | |
as an unsinkable vessel, | :10:45. | :10:47. |