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LinkedIn acquires SlideShare for approximately $118.75 million

Professional networking site LinkedIn has agreed to acquire
SlideShare, a leading professional content sharing community, at approximately
$118.75 million, subject to adjustment, in a combination of approximately 45
per cent cash and approximately 55 per cent stock. Subject to the completion of

Professional networking site LinkedIn has agreed to acquire
SlideShare, a leading professional content sharing community, at approximately
$118.75 million, subject to adjustment, in a combination of approximately 45
per cent cash and approximately 55 per cent stock. Subject to the completion of
customary conditions, the acquisition is expected to close during the second
quarter of 2012.

Founded in October 2006 by Jon Boutelle, Amit Ranjan and
Rashmi Sinha, SlideShare helps professionals discover people through content,
and content through people. SlideShare users have uploaded more than nine
million presentations, and according to comScore, in March SlideShare had
nearly 29 million unique visitors, ranking it among the most heavily trafficked
sites for professional content.

Rashmi Sinha, the CEO and co-founder of SlideShare is
responsible for partnerships and product strategy. Jonathan Boutelle is the CTO
of SlideShare and came up with the initial idea behind SlideShare. He wrote the
first version of the site. Amit Ranjan, the COO heads SlideShare’s development
team in India and focuses on product management, content and community.

 “Presentations are
one of the main ways in which professionals capture and share their experiences
and knowledge, which in turn helps shape their professional identity,” said
LinkedIn CEO Jeff Weiner, adding, “These presentations also enable
professionals to discover new connections and gain the insights they need to
become more productive and successful in their careers, aligning perfectly with
LinkedIn’s mission and helping us deliver even more value for our members.
We’re very excited to welcome the SlideShare team to LinkedIn.” 

Rashmi Sinha, CEO of SlideShare commented, “We
built SlideShare to help professionals share presentations and connect people
through content. What we can build with LinkedIn, the largest professional
network on the Internet, is the most natural extension of this vision. I am
excited about what we can build together.”

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