LinkedIn acquire Lynda.com online education portal
When it comes to Video-on-Demand trainings and online education system, Lynda.com has been among the best. Their training videos are detailed, have superb course catalogue and cater to wide areas. Lynda.com also offers Android/iOS applications that can be used to watch the training videos/courses and also download them for offline learning. Today, LinkedIn Corp, the leading professional social network company has announced that they will be acquiring Lynda.com for $1.5 billion.
The acquisition is expected to close during the second quarter of 2015. 52% of the buyout price will be paid in cash and 48% as stocks.
“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,” said Jeff Weiner, CEO of LinkedIn. “lynda.com’s extensive library of premium video content helps empower people to develop the skills needed to accelerate their careers. 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.”
“This is such an exciting moment in the 20-year history of lynda.com, and I couldn’t imagine a better pairing than lynda.com and LinkedIn,” said Lynda Weinman, co-founder and executive chair of the board of lynda.com.
