Lynda.com, a leading online learning company, has been acquired by Linkedin, the world’s largest professional network on the Internet with more than 300 million members. The online learning company which its mission is to train people in business, software, technology and creative skills has entered the agreement to sell out to Linkedin for $1.5 billion, subject to adjustment, in a combination of approximately 52 percent cash and approximately 48 percent stock. The acquisition is expected to close during the second quarter of 2015.
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 - Jeff Weiner, CEO of LinkedIn.
Lynda.com was co-founded in 1995 by Lynda Weinman and Bruce Heavin and is based in Carpinteria, CA.
In LinkedIn, we have found an incredible partner who shares our vision and passion for empowering people around the world to make real change in their lives through access to information, learning and professional development - Eric Robison, CEO of lynda.com
Following the close of the acquisition, most members of the lynda.com team are expected to join LinkedIn. Lynda.com has seen tremendous growth in the past years and there are endless possibilities hat could come from the integration of lynda.com and LinkedIn. Imagine being a job seeker and being able to instantly know what skills are needed for the available jobs in a desired city, like Denver, and then to be prompted to take the relevant and accredited course to help you acquire this skill. Or doing a search on SlideShare to learn about integrated marketing and then to be prompted with a lynda.com course on the same subject.
The combination of LinkedIn and lynda.com will ultimately help make the third point a reality for every member of the global workforce.