LinkedIn to acquire Lynda.com for $1.5 billion
LinkedIn, a professional networking website is to acquire the online learning business Lynda.com for about $1.5 billion. According to LinkedIn’s Press, approximately 52 percent of the payment will be done in cash and approximately 48 percent via stock.
Lynda.com, a California-based company, has created hundreds of thousands of video tutorials in multiple languages, helping people to learn “software, technology, creative and business skills to achieve personal and professional goals”. Users pay a subscription of up to $375 a year to gain access to online courses that have been created by more than 1,000 authors.
The skills gap is one of the leading social issues of our time — technology changes fast and people need to keep their skills up to date
~ Lynda Weiman, Co-Founder of Lynda.com
With the addition of Lynda.com, LinkedIn is trying to focus on using the courses and tutorials to increase professionalism. This will in turn help a large number of people in improving their skill set, giving them hope for a better future and career opportunities.
“The mission of LinkedIn and the mission of Lynda.com are highly aligned. Both companies seek to help professionals be better at what they do. When integrated with the hundreds of millions of members and millions of jobs on LinkedIn, Lynda.com can change the way in which people connect to opportunity.”
~ Jeff Weiner, CEO of LinkedIn.
This acquisition to buy Lynda.com is said to close by the end of the second quarter of 2015. What changes do you think this can bring? Write down in the comments section below. 🙂