lynda.com, a VC-backed online learning company, has entered into an agreement to be acquired by LinkedIn (NYSE: LNKD) for $1.5 billion through a combination of about 52% cash and 48% stock. Founded in 1995, lynda.com is backed by investors including Accel Partners, Meritech Capital Partners, Spectrum Equity and TPG Capital. The company has secured $289 million in to-date funding, most recently raising a $186 million round at a valuation of $831 million in January.
Through individual, corporate, academic and government subscriptions, members have access to the lynda.com video library of over 6,300 courses and 267,000 tutorials taught by recognized industry experts; the company also provides German, French and Spanish language content under its video2brain brand. Following the close of the deal—expected in 2Q—most members of the lynda.com team will join LinkedIn.