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LinkedIn Spends $1.5 Billion to Add Online Learning to its Offerings

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Mon Apr 20 2015

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LinkedIn Spends $1.5 Billion to Add Online Learning to its Offerings-cb28911882484cce98a4722948cd173de06803f2510a61f009ae4faf30edd044

People networking for jobs via LinkedIn will now be able to do some skill development there too, using just-acquired Lynda.com, which offers video courses on career skills to paying subscribers.

By making this major acquisition, LinkedIn will become more than a repository for resumes and job histories. It has already moved in new directions by soliciting business personalities to write original content, and by hiring Dan Roth, a former Fortune editor, to be its executive editor. And now it hopes to connect people seeking professional opportunities with training in the skills to take advantage of them.

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LinkedIn CEO Jeff Weiner blogged “High-quality, skills-based learning and development content should be available to every LinkedIn member and a fundamental part of our platform. Both companies believe strongly that the growing skills gap is one of the biggest challenges to the future of a global economy.”

Business pundits find the addition of professional development to be a good strategic fit for LinkedIn. Some talent development professionals may be smiling to themselves.

Source: http://www.nytimes.com/2015/04/10/business/dealbook/linkedin-to-buy-lyndacom-an-online-learning-company.html?\_r=0

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