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Business and Economy

LinkedIn to purchase Lynda.com for $1.5 billion

A Central Coast based company that teaches online "how-to" courses on technology is being acquired by Silicon Valley giant LinkedIn.

The purchase price for Carpinteria-based Lynda.com is estimated at $1.5 billion dollars, which includes a combination of cash and stock.

"This is such an exciting moment in the 20-year history of lynda.com, and I couldn't imagine a better pairing than lynda.com and LinkedIn," said Lynda Weinman, co-founder and executive chair of the board of lynda.com in a company statement.

Lynda.com public relations person Liz Scanlon said the immediate plan is for the company to continue operating as usual from its existing worldwide locations, including the Carpinteria headquarters.