Professional social network LinkedIn has bought US online learning business Lynda for $1.5bn (£1.1bn), expanding offerings for its audience of professional users.
Lynda.com, based in California, provides video courses to paying subscribers hoping to learn online, with tutorials on a wide range of business subjects from Web Design and 3D Animation to coding and business skills.
Users pay a subscription of up to $375 a year to gain access to online courses that have been created by more than 1,000 authors.
Although the company was founded nearly 20 years ago, it has expanded rapidly in the past two years, adding several languages to its video offerings and increasing outside investment.
“The mission of LinkedIn and the mission of lynda.com are highly aligned. Both companies seek to help professionals be better at what they do,” said Jeff Weiner, CEO of LinkedIn, in a statement.
LinkedIn is aiming to boost the business content it offers to its 300 million users. This is LinkedIn’s biggest acquisition to date.
The company paid around $175 million for Bizo last summer, the closest LinkedIn’s ever been to a billion-dollar acquisition until now.
Shares in LinkedIn increased more than 1.5% on the New York Stock Exchange after news of the acquisition was released.