NEW YORK (MarketWatch) — LinkedIn Corp.
announced on Thursday that it agreed to buy online business learning company Lynda.com in a deal valued at $1.5 billion. Under terms of the deal, which is expected to close during the second quarter of 2015, LinkedIn will pay a combination of about 52% cash and 48% stock for the Carpinteria, Calif.-based company. “Lynda.com’s extensive library of premium video content helps empower people to develop the skills needed to accelerate their careers,” said LinkedIn Chief Executive Jeff Weiner. “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.” LinkedIn’s stock, which was still inactive in premarket trade, has rallied 9.8% year to date, while the S&P 500 has gained 1.1%.
View more information: https://www.marketwatch.com/story/linkedin-to-buy-lyndacom-for-15-billion-in-cash-stock-2015-04-09