LinkedIn announced that it has entered into an agreement to acquire lynda.com, the online learning company that provides business, technology, and creative training, for approximately $1.5 billion.
“The mission of LinkedIn and the mission of lynda.com are highly aligned. Both companies seek to help professionals be better at what they do,” said Jeff Weiner, CEO of LinkedIn. “lynda.com’s extensive library of premium video content helps empower people to develop the skills needed to accelerate their careers. 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.”
The acquisition is expected to close during the second quarter of 2015. Once the deal has closed, most members of the lynda.com team are expected to join LinkedIn.