LinkedIn, one of the most popular social network said on Thursday that it was planning to buy Lynda.com for a mere $1.5 billion. Lynda.com is an online learning (e-learning) website and the LinkedIn deal ties the 300-million member social network with an educational group which offers languages training and other cources to governments, companies and individuals. More details on LinkedIn Lynda.com purchase can be checked after this break.
According to LinkedIn CEO, Jeff Weiner said in a statement that, “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.” Also said it, “helps empower people to develop the skills needed to accelerate their careers. When integrated with the hundreds of millions of members and millions of jobs on LinkedIn, lynda.com can change the way in which people connect to opportunity.”
To know more about Lynda.com, which is the online learning company founded in 1995 by technical skill instructional book author Lynda Weinman and co-founder Bruce Heavin. Lynda.com has long been the get-got resource for internet live learning on subjects like Photoshop, basic HTML, CSS, management practices and many more, continued by offering instructional videos and tutorials from industry experts and vets long before e-learning was at anywhere near the level of interest it enjoys today.
Finally today, the acquisition is valued at $1.5 billion total, which rather combining a 52% cash payout and 48 percent stock, with an expected close date sometime in the Q2 2015.
Remind you that Lynda.com members have access to a video library of more than 6,300 courses and more than 267,000 video tutorials, and offers German, French and Spanish-language content under the video2brain brand name. To acquire Lynda.com, LinkedIn was the first major U.S. social network to go public, rasing some $350 million in a 2011 initial public offering.
However, for now at the far moment, LinkedIn isn’t saying exactly what its plans are for the education purposes, but the LinkedIn head of content products, Ryan Rolansky does speak few words about it, Lynda.com remains open for business and accessible to user as they work together on what it comes out in the next, future.
Update: LinkedIn launched a Chinese language version, attempting to tap the huge market while navigating a strict censorship regime that has seen other foreign social media giants banned. After all, it doesn’t come to the scene, when talking about LinkedIn buying Lynda.com for a huge price of US$1.5 billion….