LinkedIn to acquire online training site Lynda.com for $1.5 billion
Lynda.com was founded in 1995 and originally produced high quality video courses on topics like Photoshop, web design, photography, and other digital design skills to consumers. As the brand become well known to consumers, people brought Lynda into their businesses (this is now a typical strategy for most online learning companies). So Lynda built out more corporate learning features and more business topics.
The deal, for around $1.5 billion with approximately 52 percent in cash and 48 percent in stock, would be the professional network's largest acquisition to date
The acquisition will let LinkedIn's 350 million users access the platform for skill-building and education
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