We’ve been saying it for years here at IMGrind. When you stop learning you stop progressing. When you stop progressing you start falling behind.
Today, LinkedIn announced they were acquiring educational site Lynda.com for approximately $1.5 Billion:
The transaction is valued at approximately $1.5 billion, subject to adjustment, in a combination of approximately 52 percent cash and approximately 48 percent stock. Subject to the completion of customary conditions, the acquisition is expected to close during the second quarter of 2015.
In a blog post, LinkedIn CEO commented, “Above all else, I believe that every student that wants to learn should have access to a quality education and not need to win a lottery to attend the right school.” He went on to say, “When I look at lynda.com’s platform, I see a best-in-class collection of high-quality, premium content that is focused on professional skills — hundreds of thousands of videos, comprising thousands of full courses — that make it possible for anybody to easily and effectively acquire a skill needed to get their first job, get a promotion, land a business deal or advance their career.”
LinkedIn will host a webcast and conference call to discuss the acquisition agreement today at 8:45 am Eastern Time/5:45 am Pacific Time on http://investors.linkedin.com/.
One of the main reasons behind starting IMGrind was being able to level the playing field for those that want to start an online business. With the availability of the Internet, students are able to forget about paying crazy high tuitions and can learn at their own pace, on their own time, in the comfort of their own homes.
We’re glad to be part of the online education revolution and look forward to further advancing your career!
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