LinkedIn just announced plans to buy SlideShare for $119 million.It will be 45% cash and 55% stock.
SlideShare allows users to upload documents to the web and have them embedded all over the place.
How does it fit at LinkedIn? Here’s what CEO Jeff Weiner said in a press release explaining the move:
“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.”
It’s a great outcome for the founders of SlideShare, Rashmi Sinha, Jonathan Boutelle, and Amit Ranjan. It’s also a nice exit for Venrock, which was the institutional investor in the company and had a 15X return.
Don’t Miss: How To Use SlideShare