LinkedIn to buy online education company for $1.5 billion

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Professional social network operator LinkedIn Corp (LNKD.N) said it would buy privately held online education company in a cash-and-stock valued at about $1.5 billion. offers courses in a languages aimed at improving business, technology and creative skills. Subscription fees for its courses range between $250 and $375 per year, according its website.

With integration and LinkedIn, users will know what skills are needed for available jobs in desired city, Ryan Roslansky, LinkedIn’s head content, wrote in a blog.[pro_ad_display_adzone id=”10″]

LinkedIn said it would pay about 52 percent in cash and about 48 percent in stock for acquisition.

The will bolster LinkedIn’s hiring business, which has clocked revenue growth of nearly 50 percent in each of the last three quarters, helped by rapid expansion in international markets such as China.

LinkedIn edged up 0.1 percent at midday.

(Reporting by Devika Krishna Kumar and Subrat Patnaik in Bengaluru; Editing by Ted Kerr and Saumyadeb Chakrabarty)(Reuters)