LinkedIn Learning explained

LinkedIn Learning
Former Name:Lynda.com (1995-2017)
Type:Subsidiary
Industry:E-learning
Owner:Microsoft
Parent:LinkedIn
Footnotes:[1]

LinkedIn Learning is an American online learning platform. It provides video courses taught by industry experts in software, creative, and business skills. It is a subsidiary of LinkedIn. All the courses on LinkedIn fall into four categories: Business, Creative, Technology, and Certifications.

It was founded in 1995 by Lynda Weinman as Lynda.com before being acquired by LinkedIn in 2015 and becoming LinkedIn Learning.[2] Microsoft acquired LinkedIn in December 2016.[3]

History

LinkedIn Learning was founded as Lynda.com in 1995 in Ojai, California, as online support for the books and classes of Lynda Weinman, a special effects animator and multimedia professor who founded a digital arts school with her husband, artist Bruce Heavin.[4]

In 2002, the company began offering courses online.[5] By 2004, there were 100 courses, and in 2008, the company began producing and publishing documentaries on creative leaders, artists, and entrepreneurs.[6]

In 2013, Lynda.com received its first outside investment, raising $103 million (~$ in) in growth equity from Accel Partners and Spectrum Equity, with additional contributions from Meritech Capital Partners.[7] On January 14, 2015, Lynda.com announced it had raised $186 million (~$ in) in financing, led by investment group TPG Capital.[8]

On April 9, 2015, LinkedIn announced its intention to buy Lynda.com in a deal valued at $1.5 billion, which officially closed on May 14, 2015.[9]

In 2016, Lynda.com began to broadcast courses on their Apple TV application.[10]

On June 13, 2016, Microsoft announced that it would acquire Lynda.com's parent company LinkedIn for $26.2 billion (~$ in). The acquisition was completed on December 8, 2016.[11] [12] [13]

In October 2017, Lynda.com was merged and renamed LinkedIn Learning.[14] In 2019, the site announced that users accessing LinkedIn Learning through their public library would be required to create a LinkedIn profile in order to use the service; the decision faced criticism from librarians and the American Library Association.[15] [16] [17] As of March 2021, libraries started migrating to LinkedIn Learning without requiring patrons to create a LinkedIn profile.[18]

On June 2, 2021, the lynda.com site was shut down and is now permanently redirects to LinkedIn Learning.[19]

Acquisitions

In February 2013, Lynda.com acquired video2brain, an Austrian-based provider of online classes in web design and programming, available in German, French, Spanish, and English.[20]

On April 7, 2014, Lynda.com purchased Canadian start-up Compilr, provider of an online editor and sandbox.[21]

Service details

LinkedIn Learning is a subscription service that costs $40/month or $25/month if paid annually (as of 2021). It has a catalog of 16,000+ courses and learning paths.

Notes and References

  1. Web site: Lynda.com Lands $103 Million in Biggest Education Financing . . 2013-01-16 . 2014-02-22.
  2. Web site: Lynda.com Founder: I Was Educating Online Before Online Education Was Cool . Larson . Selena . 2013-12-03 . ReadWrite . en-US . 2019-02-06.
  3. News: LinkedIn CEO: Here's Why I Sold the Company to Microsoft . Time.com . en.
  4. Web site: Knowledge When You Need It: Lynda.com and the Rise of Online Education . . 2013-03-28 . Roush, Wade.
  5. A Paywall That Pays Off: How Lynda.com Broke All the Rules and Won . Singel . Ryan . 2011-06-17 . Wired . 2019-02-06 . 1059-1028.
  6. News: LinkedIn's Blockbuster Deal With Lynda.com: What It Means To The Online Learning Industry . Meyer . Stephen J. . 2015-05-12 . Forbes . 2018-01-20 . en.
  7. Web site: After 17 Years, Education Platform Lynda.com Raises Its First Round of Funding, $103M From Accel & Spectrum . TechCrunch . 2013-01-15 . Empson, Rip.
  8. Web site: Investors Put $186 Million Into Lynda.com, an Online Tutorial Service . Singer . Natasha . 2015-01-14 . Bits Blog . en-US . 2019-02-06.
  9. Web site: Welcome to the LinkedIn Family, lynda.com . Roslansky . Ryan . 2015-04-09 . blog.linkedin.com . en-us . 2017-11-01.
  10. Web site: LinkedIn makes all Lynda.com courses available on Apple TV . Yeung . Ken . 2016-04-21 . VentureBeat . en-US . 2018-01-20.
  11. Microsoft to acquire LinkedIn News Center. June 13, 2016. Microsoft Corp. and LinkedIn Corporation on Monday announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $16 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash.. Microsoft. 2016-06-13.
  12. News: Microsoft to Acquire LinkedIn for $26.2 Billion . Greene . Jay . 2016-06-14 . Wall Street Journal . 2019-02-06 . en-US . 0099-9660.
  13. Web site: LinkedIn + Microsoft: Our Next Play Begins . Weiner . Jeff . 2016-12-08 . LinkedIn .
  14. Web site: Upgrading from Lynda.com to LinkedIn Learning . 2017-10-20 . Lynda.com - from LinkedIn . 2018-10-22 . 2020-09-21 . https://web.archive.org/web/20200921002032/https://www.lynda.com/Business-tutorials/Upgrading-from-Lynda-com-LinkedIn-Learning/675718-2.html . dead .
  15. Web site: Microsoft is moving Lynda.com users to LinkedIn Learning and not everyone's happy about it. Foley. Mary Jo. Mary Jo Foley. ZDNet. en. 2019-08-26. August 22, 2019.
  16. Web site: Catalin. Cimpanu. 2019-10-28. American Library Association blasts LinkedIn for intrusive ToS changes. ZDNet. July 23, 2019.
  17. Web site: Jennifer. Elias. 2019-10-28. Why librarians are up in arms against LinkedIn. 28 August 2019. CNBC.
  18. Web site: LinkedIn Learning for Library – Patron FAQ. 2021-03-26. Learning Help. en.
  19. Web site: Shah . Dhawal . 2021-07-12 . LinkedIn Sunsets Lynda.com and Fully Transitions to LinkedIn Learning . 2022-12-27 . The Report by Class Central . en-US.
  20. Web site: Flush with cash, lynda.com buys European online learning site video2brain . Heussner . Ki Mae . 2013-02-13 . . en-US . 2019-02-06 . 2019-04-10 . https://web.archive.org/web/20190410003822/https://gigaom.com/2013/02/13/flush-with-cash-lynda-com-buys-european-online-learning-site-video2brain/ . dead .
  21. Web site: E-Learning Platform Buys Compilr To Add In-Browser Coding Tools, Price Around $20M . TechCrunch . 2014-04-07 . Lunden, Ingrid.

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