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

April 13, 2015Daily NewsBy wp-admin

The career social network LinkedIn said on Thursday that it was buying the online learning site lynda.com in a cash-stock deal valued at $1.5 billion.

The deal ties the 300-million member social network with an educational group which offers language training and other courses to governments, companies and individuals.

“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,” Jeff Weiner, chief executive of LinkedIn, said in a statement.

Weiner said lynda.com “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.”
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