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LinkedIn to acquire SlideShare for $119M cash and stock

Professional social network LinkedIn will acquire presentation sharing startup SlideShare for $118.75 million in cash and stock, the company announced Thursday at market close.

“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 in statement. “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.”

SlideShare was founded in Oct. 2006 and “helps professionals discover people through content, and content through people.” The service’s users have uploaded more than nine million presentations during the life of the service. In March, SlideShare had about 29 million unique vistors, according to comScore.

Developing story. More to come.

Copyright 2012, VentureBeat

DAVID LOH

REUTERS

The professional networking site announced on May 3 that it acquired content sharing company SlideShare for $118.75 million in a mix of cash and stock.

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