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LinkedIn To Buy Online Education Site Lynda.com For $1.5 Billion

Posted Apr 9, 2015 by Darrell Etherington (@etherington)
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Professional network LinkedIn is getting into the professional skills education market in a big way: The social company purchased Lynda.com, 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 go-to resource for online learning on subjects like Photoshop, basic HTML, CSS, management practices and many more, 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.

The acquisition is valued at $1.5 billion total, combining 52 percent cash payout and 48 percent stock, with an expected close date sometime in the second quarter of this year. “Most” Lynda.com employees will join LinkedIn as part of the deal, according to a release from the companies.

In a blog post addressing the deal, LinkedIn CEO Jeff Weiner talks about how the acquisition helps his company move closer towards a goal of connecting job seekers with jobs, by providing more equitable access to education and skill acquisition. Lynda.com CEO Lynda Weinman described the combination as a “perfect cultural fit” and discussed how it should help them continue to rarify the skills gap in the marketplace. LinkedIn head of content products Ryan Rolanksy describes a future in which job seekers are not only made aware of skills required for positions they’re applying for, but can also take courses to get those skill immediately through the social network.

LinkedIn isn’t saying exactly what its plans are for the education resource just yet, but Rolansky does say that Lynda.com remains open for business and accessible to users as they work together on what comes next.

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    CrunchBase

    • LinkedIn

      • Founded 2003
      •    
      • Overview LinkedIn is a professional networking site that allows its members to create business connections, search for jobs, and find potential clients. The site also enables its users to build and engage with their professional networks; access shared knowledge and insights; and find business opportunities. It offers LinkedIn mobile applications across various platforms and languages such as iOS, Android, …
      • Location Mountain View, California
      • Categories Social Recruiting, Networking, Software, Social Media
      • Founders Reid Hoffman, Allen Blue
      • Website http://linkedin.com
      • Full profile for LinkedIn
    • lynda.com

      • Founded 1995
      •    
      • Overview lynda.com is a leading online learning company that helps anyone learn software, technology, creative and business skills to achieve personal and professional goals. Through individual, corporate, academic and government subscriptions, members have access to the lynda.com video library of engaging, top-quality courses taught by recognized industry experts. The company also provides German-, French- …
      • Location Carpinteria, California
      • Categories EdTech, Education
      • Founders Lynda Weinman, Bruce Heavin
      • Website http://www.lynda.com
      • Full profile for lynda.com

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