LinkedIn buys education site lynda.com for $1.5 bn
Source: AFP
The career social network LinkedIn said Thursday it was buying the online learning site lynda.com in a cash-stock deal valued at $1.5 billion.
The deal ties the 300-million member social network with an educational group which offers language training and other courses to governments, companies and individuals.
...
The deal is structured with 52 percent cash and 48 percent stock, subject to adjustment. It is expected to close in the current quarter.
California-based lynda.com was founded in 1995. Its members have access to a video library of more than 6,300 courses and more than 267,000 video tutorials, and offers German, French and Spanish-language content under the video2brain brand name.
Read more: https://sg.finance.yahoo.com/news/linkedin-buys-education-lynda-com-131544807.html
onehandle
(51,122 posts)Auggie
(31,221 posts)I've been wondering how much growth Lynda.com could sustain given the amount of free instruction available on the internet. I used to subscribe but found much of Lynda.com too cumbersome and slow. If I simply search for a topic I can find it for free.
onehandle
(51,122 posts)Not only is the equivalent free in many places, but they have a LOT of pay competitors that charge far less and constantly have sales, unlike Lynda. However, I know a lot of companies have corporate accounts with them.
LinkedIn has a lot of money, but is poorly run. Could it be that they are going to fold the site's content into pay LinkedIn accounts?
Seems like a risky buy, unless they know something I don't.
Ruby the Liberal
(26,219 posts)on tacking it onto their job section - to encourage companies to post ads for jobs including soft tech skills and then tagging those ads with the video tutorials. Interesting concept, but at $25 a month (or whatever they are now charging job seekers), there just isn't enough depth and breadth to LinkedIn posted jobs to justify that expense, IMO. Not when there are free options and sites like indeed.com that aggregate from across the web.