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LinkedIn has acquired online education company for $1.5B

Social networking site, LinkedIn has revealed it has acquired online education company in a deal worth $1.5 billion. establishing itself as a web-based resource in 2002 and has been geared towards helping people learn new skills through online videos which are produced in its own studios.

The company hires experts on each given subject to teach the courses.

In January snapped up $186 in funding, which was in addition to the $103 million it raised in 2013.

LinkedIn has been making big-bucks acquisitions, most notably taking on SlideShare for $119 million in 2012, Pulse for $90 million, Bizo for $175 million, and Bright for $120 million.

The acquisition, which is expected to close in Q2 2015

The official announcement from LinkedIn said that they believe they can make it even easier for professionals around the world to accelerate their careers and realize their potential through the learning and development of new skills.

Via Venture Beat


Ephraim Batambuze III

Digital guy, Web developer, Tech blogger, Gadgets Reviews, Geeky dad. Twitter:@batambuze WhatsApp/Telegram:+256781665128 Skype:ebatambuze
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