Monday 26 September 2016

LinkedIn to buy online education company lynda.com for $1.5bn

Published 10/04/2015 | 08:49

LinkedIn headquarters in Mountain View, California
LinkedIn headquarters in Mountain View, California

LinkedIn is to acquire privately held online education company lynda.com in a deal worth about $1.5bn.

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Lynda.com offers courses in a number of languages aimed at improving business, technology and creative skills. Subscription fees for its courses range between $250 and $375 per year, according to its website.

LinkedIn, a business-orientated social networking site that is based in California in the US and has its European headquarters in Dublin, has been seeking to expand services for its audiences of professional users.

With the integration of lynda.com and LinkedIn, users will know what skills are needed for the available jobs in their desired city, Ryan Roslansky, LinkedIn's head of content, wrote in a blog.

LinkedIn said it would pay about 52pc in cash and about 48pc in stock for the acquisition.

The deal will bolster LinkedIn's hiring business, which has clocked revenue growth of nearly 50pc in each of the last three quarters, helped by rapid expansion in international markets such as China.

Reuters

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