LinkedIn buys U.S. online learning business Lynda for $1.5bn April 10, 2015 - 08:42 AMT PanARMENIAN.Net - LinkedIn has bought U.S. online learning business Lynda for $1.5bn, making it the professional networking site's biggest acquisition to date, BBC News reports. LinkedIn is trying to boost the business content it offers to its 300 million users. Lynda, based in California, has made hundreds of videos that teach subscribers everything from coding to business skills. Subscribers pay $375 per year to access the tutorials. Although the company was founded nearly 20 years ago, it has expanded rapidly in the past two years, adding several languages to its video offerings and increasing outside investment. "The mission of LinkedIn and the mission of lynda.com are highly aligned," said LinkedIn chief executive Jeff Weiner in a statement. "Both companies seek to help professionals be better at what they do." Shares in LinkedIn rose more than 1.5% on the New York Stock Exchange after news of the acquisition was released. Related links:   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Viva-MTS: Tech solutions to modernize infrastructure of border village  The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015.“By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents.The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. |
