LinkedIn to Acquire lynda.com for $1.5 billion

lynda

The world’s largest professional network on the Internet LinkedIn  with more than 300 million members worldwide, today announced that it has entered into an agreement to acquire lynda.com, a leading online learning company teaching business, technology and creative skills to help people achieve their professional goals.

The acquisition is a combination of 52 percent cash and 48 percent stock, and is expected to be closed in the second quarter of 2015.

LinkedIn CEO Jeff Weiner spoke about how the acquisition will help LinkedIn to connect job seekers to jobs through providing access to skills and educational development tools in a post on the company’s blog.

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