Thursday, April 9, 2015
Lynda.com Acquired By LinkedIn For $1.5 Billion
Carpinteria-based Lynda.com, the online learning site founded by Lynda Weinman and Bruce Heavin, has been acquired by LinkedIn in a $1.5 billion deal this morning. LinkedIn said it has agreed to buy lynda.com, for approximately $1.5 billion, split between 52 percent in cash and approximately 48 percent in stock. The companies said that most of the members of lynda.com's team are expected to join LinkedIn as part of the deal. Weinman had created Lynda.com in 1995 as her personal domain name, bootstrapping the firm to hundreds of millions in revenue, eventually taking on $103M in funding--and professional management--to ramp the company's business in 2013.