Ok, so it’s not for a quadrillion dollars, but it’s quite a bit. Social network operator, LinkedIn Corp., has said that it would buy online education company lynda.com in a cash and stock deal valued at around $1.5 billion. To be precise, LinkedIn said it would pay about 52 percent in cash and about 48 percent in stock for the acquisition.
For those unfamiliar with lynda.com, the educational site offers a variety of business, tech and creative courses in a number of languages. The site uses a subscription business model.
Not only should this deal help LinkedIn’s placement service offering, but will also correlate skills acquisition to said business.
Stay tuned as we learn more.
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