LinkedIn is to acquire for around $1.5Bn

Screen Shot 2015-04-16 at 14.28.51LinkedIn is to acquire, an online learning company teaching business, technology and creative skills. Based in Carpinteria, CA, was co-founded in 1995 by Lynda Weinman and Bruce Heavin.

The transaction is valued at approximately $1.5 billion, approximately 52 percent cash and 48 percent stock and is expected to close during the second quarter of 2015. Most members of the team are expected to join LinkedIn.

Through a subscription to’s service, individual members and organisations have access to a comprehensive collection of courses taught by industry experts, offered in English, German, French, Spanish, and Japanese. In addition to individual subscribers, serves corporate, government and educational organizations through its lyndaEnterprise, lyndaPro, lyndaCampus, lyndaLibrary and lyndaKiosk products.

“The mission of LinkedIn and the mission of are highly aligned. Both companies seek to help professionals be better at what they do,” said Jeff Weiner, CEO of LinkedIn. “’s extensive library of premium video content 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, can change the way in which people connect to opportunity.”

Further Reading:

Ryan Roslansky, head of global content products at LinkedIn, blogged in more detail about the acquisition here. Jeff Weiner, CEO of LinkedIn, wrote a post about the acquisition here, and Lynda Weinman, co-founder of,  posted about it here.

Mountain View, CA & Carpinteria, CA

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