LinkedIn today said it will buy Lynda.com for $1.5 billion in a deal that's a combination of cash (52%) and stock (42%).
"This is such an exciting moment in the 20-year history of lynda.com, and I couldn't imagine a better pairing than lynda.com and LinkedIn," said Lynda Weinman, co-founder and executive chair of the board of lynda.com, in a statement.
"Both companies seek to help professionals be better at what they do,” said Jeff Weiner, CEO of LinkedIn, in a statement.
It is a picture-perfect deal. Lynda.com, founded in 1995 by Lynda Weinman and her husband, Bruce Heavin, has built a richly extensive video library of courses and programs that millions of people have used to gain new skills and change their careers. LinkedIn, with its 300 million members, has become both the world's repository of resumes and a starting point for anyone who is building or changing their career.
“lynda.com’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, lynda.com can change the way in which people connect to opportunity.”
