LinkedIn announced today it is buying Lynda.com, an online learning platform for $1.5 billion. This is the largest acquisiton by Mountain View-based LinkedIn. This is a mix of cash and stock deal with approximately 52 % in cash and approximately 48 % in stock. LinkedIn plans to close the acquisition by the end of second quarter of 2015 according to their press release. In 2013 LinkedIn acquired Pulse for $90 million.
I guess this merger makes strategic sense since we live in a world of lifelong learning and need to constantly update our array of skills. That is where Lynda comes in with its vast repertoire of online classes. Lynda Weinmann founded the company in 1995 to help “de-mystifying design software for my technology-phobic art students,” as she puts it in this post. “Our story is one only possible in the Internet age,” she adds. And that is so true. Continue reading