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LinkedIn acquires online education portal Lynda.com for $1.5 bn

Professional networking
site LinkedIn has bought online learning company Lynda.com, reports TechCrunch.

Professional networking
site LinkedIn has bought online learning company Lynda.com, reports TechCrunch.

Lynda.com was founded
in 1995 by technical skill instructional book author Lynda Weinman and
co-founder Bruce Heavin. The online professional learning company has long been
the go-to resource for online learning on subjects like Photoshop, basic HTML,
CSS, management practices and many more, offering instructional videos and
tutorials from industry experts and vets long before e-learning was at anywhere
near the level of interest it enjoys today.

According to a
TechCrunch report, the acquisition is valued at $1.5 billion total, combining
52% cash payout and 48% stock, with an expected close date sometime in the
second quarter of this year. Most of Lynda.com employees will join LinkedIn as
part of the deal, according to a release from the companies.

In a blog post
addressing the deal, LinkedIn CEO Jeff Weiner talks about how the acquisition
helps his company move closer towards a goal of connecting job seekers with
jobs, by providing more equitable access to education and skill acquisition.

Lynda.com CEO
Lynda Weinman described the combination as a “perfect cultural fit” and
discussed how it should help them continue to rarify the skills gap in the
marketplace. LinkedIn head of content products Ryan Rolanksy describes a future
in which job seekers are not only made aware of skills required for positions
they’re applying for, but can also take courses to get those skill immediately
through the social network.

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