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LinkedIn has announced its biggest acquisition yet, spending $1.5 billion for online education company lynda.com.
The deal adds a new revenue stream to LinkedIn — lynda.com is reportedly already profitable — as well as a deep slate of web-based learning programs, as the social network looks to provide more utility for users beyond its professional connections
"At LinkedIn, we’ve followed lynda.com for a long time, rooted in the conviction that access to high-quality, skills-based learning-and-development content should be available to every LinkedIn member and a fundamental part of our platform," LinkedIn CEO Jeff Weiner wrote in a post announcing the deal. Read more...
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