Monday, June 13, 2016
Lynda.com's Parent Company, LinkedIn, Acquired By Microsoft
LinkedIn, the owner of Southern California's Lynda.com, is being acquired by Microsoft is a giant, $26.2 billion, all-cash deal, LinkedIn and Microsoft said this morning. According to the companies, Microsoft will pay $196 per share in cash for LinkedIn. LinkedIn bought Goleta-based Lynda.com in April of last year, paying $1.5 billion for Lynda.com. It's unclear how the giant acquisition by Microsoft will affect Lynda.com's operations in Southern California.