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.
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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