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. This, he added, aligns the two companies on a similar mission help LinkedIn members in their professional endeavors.
TheNextWeb notes that SlideShare has made some big changes over the past few months, including a new version of its presentation app. Moreover, LinkedIn is doing well financially, reporting $188.5 million in revenue in its latest earnings.
Other recent LinkedIn news:
- The company added an iPad app.
- LinkedIn just announced that it’s adding a capability that will allow resume embedding directly in profiles via Crocodoc.
- Citi and LinkedIn recently partnered for Connect: Professional Women’s Network, a forum to help women be better at networking and share best practices.
Below is the SlideShare presentation about the LinkedIn acquisition of the company.