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

Thu Apr 9, 2015 12:15pm EDT
 
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(Reuters) - Professional social network operator LinkedIn Corp LNKD.N said it would buy privately held online education company lynda.com in a cash-and-stock deal valued at about $1.5 billion.

Lynda.com offers courses in a number of languages aimed at improving business, technology and creative skills. Subscription fees for its courses range between $250 and $375 per year, according to its website.

With the integration of lynda.com and LinkedIn, users will know what skills are needed for the available jobs in their desired city, Ryan Roslansky, LinkedIn's head of content, wrote in a blog.

LinkedIn said it would pay about 52 percent in cash and about 48 percent in stock for the acquisition.

The deal will bolster LinkedIn's hiring business, which has clocked revenue growth of nearly 50 percent in each of the last three quarters, helped by rapid expansion in international markets such as China.

LinkedIn shares edged up 0.1 percent at midday.

(Reporting by Devika Krishna Kumar and Subrat Patnaik in Bengaluru; Editing by Ted Kerr and Saumyadeb Chakrabarty)

 
The logo for LinkedIn Corporation, a social networking networking website for people in professional occupations, is shown in Mountain View, California February 6, 2013.  REUTERS/Robert Galbraith