LinkedIn Acquiring SlideShare for $118.75 Million
LinkedIn just announced that it will be acquiring SlideShare, the site where companies share PowerPoint presentation, videos, and other documents, for $118.75 million — 45 percent in cash and about 55 percent in stock.
According to the press release, users have uploaded more than nine million presentations on SlideShare and the site had more than 29 million unique visitors in March. LinkedIn has 161 million members around the world.
“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 Jeff Weiner, LinkedIn’s CEO.
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