Professional social network giant LinkedIn Corp. has stuck a cash-and-stock agreement worth about USD 1.5 billion with online education firm lynda.com in order to offer courses in multiple of languages.
According to the company, the new courses aim to improve technology, business and creative skills of the professionals.
The firm is offering the courses at a subscription fees, ranging between USD 250 and USD 375 per year, as per the official website.
In a blog, LinkedIn’s content head Ryan Roslansky, said that the agreement between LinkedIn and lynda.com will allow the users to better collect information regarding the skills required for the available jobs in the city of their choice.
The company said it will be paying nearly 52 percent in cash and roughly 48 percent in stock for the acquisition.
The agreement is expected to encourage the hiring business of LinkedIn’s that has clocked revenue growth of around 50 percent in each of the last three quarters, assisted by the rapidly expanding global markets like China.
The company’s shares edged up 0.1 percent during mid-day trading.