LinkedIn Purchase Lynda for $1.5 Billion

Professional network LinkedIn has buy Lynda.com, an internet learning company founded in 1995 by instructional book author Lynda Weinman and co-founder Bruce Heavin. The acquisition is valued at $1.5 billion, with 52 % of the payment to be created in money and also the remaining 48 % available. according to a press release, the deal is anticipated to close someday within the second quarter of the year.

What does Lynda.com offer?

Lynda.com has been enabling  users to find out business, technology, software, online skills via on-line tutorial videos from industry consultants and veterans well before e-learning was considered a big deal. the web site is offered for anyone to access on their own, with special subscriptions offered to companies and schools. it has become the most frequently visited resource for online education with respect to key learning areas such as Photoshop, basic HTML, CSS, management practices.

What does the acquisition mean for LinkedIn?

LinkedIn views the access to data and information because the key to creating professionals additional productive and flourishing. the corporate envisions a future in which aspiring professionals cannot only be created aware of skills required for relevant positions, but can also gain immediate access to those skills by taking courses offered via the social network.

With Lynda.com becoming a part of the LinkedIn family, it'll now work as a catalyst that will enable professionals around the world to accelerate their careers and realize their potential through the learning and development of new skills.

What will it all cost?

Currently, students and professionals seeking membership at Lynda.com can pay $25 a month for short-term memberships or register for an annual subscription for $350, with unlimited access to project file downloads. it's expected that LinkedIn will come up with a combined membership arrange down the road that aligns the services and pricing systems of each companies.