
The transaction is valued at approximately $1.5 bn (?1.1bn), and is being financed through a combination of 52 per cent cash and 48 per cent stock. It is first time that LinkedIn has paid a billion-dollar sum for a company, it’s closest having been Bizo in the summer of 2014 for $175m.
Through the acquisition, which is expected to close in the second quarter of?2015, LinkedIn is looking to align itself with career development by?further?focusing on connecting businesses and workers from around the world, according to a statement. ?The mission of LinkedIn and 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 jobs on LinkedIn, lynda.com can change the way in which people connect to opportunity.? The transaction will enable users to log in, find a job and instantly see which skills are needed for them. From there on, LinkedIn has revealed users will be prompted to take the relevant course to help them acquire that skill. Ryan Roslansky, head of global content products for LinkedIn, explained: “Imagine being a job seeker and being able to instantly know what skills are needed for the available jobs in a desired city, 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.” Read more about LinkedIn:- What you can expect to earn at Google, Facebook, eBay and LinkedIn as a junior
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