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LinkedIn Signs $1.5 Billion Deal with Online Learning Company, Lynda.com

You can now brush up on your language skills and others with LinkedIn’s new range of online courses.

Professional social network, LinkedIn has signed a $1.5 billion deal with Lynda.com, a provider of online courses.

These new courses aim to improve technology, business and creative skills of subscribers. In the process, these skills are not just simply reported on their profile pages but are additionally refined, courtesy of LinkedIn.

“We believe this deal makes a lot of sense for the leading professional network, since it would empower employees/subscribers to develop or further refine their skills (instead of simply reporting them on a profile page),” wrote Cantor Fitzgerald analyst, Youssef Squali in a note to investors.

The courses will reportedly cost between $250 and $375 per year, as offered on the official website.

The acquisition is till date Linkedin’s largest with a payment of 52 per cent cash to be combined to 48 per cent stock.

The deal will reportedly close during the second-quarter of 2015.

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