Professional network LinkedIn is getting into the professional skills education market in a big way: The social company purchased Lynda.com, the online learning company founded in 1995 by technical skill instructional book author Lynda Weinman and co-founder Bruce Heavin. Lynda.com has long been the go-to resource for online learning on subjects like Photoshop, basic HTML, CSS, management practices and many more, offering instructional videos and tutorials from industry experts and vets long before e-learning was at anywhere near the level of interest it enjoys today.
The acquisition is valued at $1.5 billion total, combining 52 percent cash payout and 48 percent stock, with an expected close date sometime in the second quarter of this year. “Most” Lynda.com employees will join LinkedIn as part of the deal, according to a release from the companies.
In a blog post addressing the deal, LinkedIn CEO Jeff Weiner talks about how the acquisition helps…
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