LinkedIn Acquires SlideShare for $119 Million
So called world’s largest professional network, LinkedIn recently acquired another leading professional content sharing site SlideShare for $118.75 million. On a press release, published on May 3rd 2012, LinkedIn has confirmed this news. On the other hand, SlideShare has also posted a blog post on their site confirming the validity of this acquisition.
Part of total transaction would be done on the basis of 45:55 ratio or in other words, approximately 45 percent in cash and 55 percent in stock. It is being expected that the total acquisition would be completed during the second quarter of 2012.
SlideShare was founded back in 2006 which helps users to upload presentations online and embed them on blog, websites, intranets along with sharing the link through Facebook, twitter and other social media networks.
CEO and Co-Founder of SlideShare, Rashmi Sinha wrote, “We could not be happier about this. We think this is the right step for the SlideShare community, the site, and the team.”
“Presentations are one of the main ways in which professionals capture and share their experiences and knowledge, which in turn helps shape their professional identity,” said LinkedIn CEO Jeff Weiner. “These presentations also enable professionals to discover new connections and gain the insights they need to become more productive and successful in their careers, aligning perfectly with LinkedIn’s mission and helping us deliver even more value for our members. We’re very excited to welcome the SlideShare team to LinkedIn.”
LinkedIn’s Senior Vice President of Product and User Experience, Deep Nishar wrote on his blog post, “This deal enables professionals to discover people through content, and content through people. We’re excited to figure out the best ways our offerings will work together to help professionals around the world be more productive and successful.”
We are not quite sure yet that how exactly LinkedIn will implement or integrate SlideShare technology, may be we all just need to wait to see the final outcome of this deal.