LinkedIn bought Lynda.com

Lynda.com is a privately held online education company offering thousands of video courses in software, creative, and business skills. It was founded in 1995. The company produces video tutorials taught by industry experts. Members have unlimited access to watch the videos, which are primarily educational. It has more than 500 employees worldwide, and offers instruction in German, French, and Spanish through its branded division, video2brain.

linkedin-lynda

The career social network LinkedIn bought Lynda.com in a cash stock deal valued at $1.5 Million. Mission of both the companies is equally aligned. 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. The acquisition combines 52 percent cash payout and 48 percent stock.

LinkedIn is the world’s largest online professional network, and with more than four million members, 267k video tutorials, and 6300 courses. LinkedIn has reported revenue growth of nearly 50 percent in each of the last three quarters, helped by rapid expansion in international markets such as China. This is the largest deal for LinkedIn in 12 years. LinkedIn generated $2.2 Billion in sales last year. Lynda.com made more than $150 Million in revenue last year and has turned a profit since 1997.

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