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Monday, 07 May 2012 11:25

LinkedIn to buy SlideShare for $US119m

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LinkedIn is to acquire content sharing community, SlideShare for $US119m, 45 percent in cash and 55 percent in stock.

SlideShare was founded in October 2006. It "helps professionals discover people through content, and content through people." SlideShare users have uploaded more than nine million presentations and, according to comScore, in March SlideShare had nearly 29 million unique visitors.

LinkedIn CEO Jeff Weiner, said: "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. 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.

SlideShare CEO, Rashmi Sinha, said: "The SlideShare you have come to know and love will remain a place where you can continue to upload, share and find presentations that help you grow professionally...I will continue to run SlideShare and our team will continue to do what we've been doing, which is to develop new features and make the site even better."

Neither company has given any indication of how the two services will be integrated. Sinha said: "Over time you will see some integrations that take advantage of the great fit between SlideShare and LinkedIn."

LinkedIn's senior vice president, products & user experience, Deep Nishar, said in a LinkedIn blog: "We're excited to figure out the best ways our offerings will work together to help professionals around the world be more productive and successful."

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