In a recent development, LinkedIn, the social networking platform for working professionals is set to acquire Lynda.com, an online tutorial and training program. The acquisition will be completed in the second quarter of 2015 and the payments will be made 52 percent in cash and 48 percent stock. The acquisition is done for $1.5 billion.
After the acquisition, the members of Lynda will be joining LinkedIn to help users and professional to accelerate their careers. Users can make use of the Lynda’s library of premium video content across professional topics and languages, job seekers at LinkedIn would be able to sign up for or be prompted to get accredited on needed skills at jobs through Lynda.