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LinkedIn just purchased Lynda.com, an online learning company, for $1.5 billion, the company announced on Thursday.

Founded in 1995 by Lynda Weinman and her husband, Bruce Heavin, Lynda.com lets users learn business, technology, software, and creative skills through videos. Individuals can access Lynda on their own, but corporations and schools can purchase subscriptions too.

Weinman serves as the company’s executive chairman. Eric Robison has been Lynda.com’s since 2007. Previously he worked at the consulting firm IdeaTrek and Paul Allen’s Vulcan Inc.

“This is a moment in history when people can learn anytime, anywhere, and with no boundaries. We believe in LinkedIn’s future stewardship and vision and feel that we have found a perfect cultural fit for our mission,” Weinman wrote on LinkedIn.

The deal, a cash-stock blend, is expected to close sometime this quarter, according to a press release. Most of Lynda.com’sloyees will join LinkedIn.

The acquisition will let LinkedIn’s 350 million users access the platform for skill-building and education, LinkedIn CEO Jeff Weiner said Thursday in a LinkedIn post.

“We get so excited about the possibilities that could come from the integration of lynda.com and LinkedIn,” LinkedIn head of content products Ryan Roslansky said. “Imagine being a job seeker and being able to instantly know what skills are needed for the available jobs in a desired city, like Denver, and then to be prompted to take the relevant and accredited course to help you acquire this skill. Or doing a search on SlideShare to learn about integrated marketing and then to be prompted with a lynda.com course on the same subject.”

sources: Business Insider

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Tag: Association of Professional Bodies in Nigeria

Engr Ajibola assumes leadership of APBN, pledges mentorship of young

Engineering News My Engineers - November 28, 2018

Engr Olumuyiwa Alade Ajibola has successfully been sworn in as the 16th President of the Association of Professional Bodies in Nigeria. The Event which...

All Set for ex NSE President Chief Olumuyiwa Ajibola’s Investiture as the APBN President in Abuja

Engineering News My Engineers - November 6, 2018

The Association of Professional Body in Nigeria, APBN has concluded plan for the investiture ceremony of Engr. Chief Olumuyiwa Alade Ajibola, FNSE the Agbaakin...

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