LinkedIn has agreed to acquire professional content sharing community SlideShare. The transaction is valued at approximately $118.75 million, subject to adjustment, in a combination of approximately 45 percent cash and approximately 55 percent stock. Subject to the completion of customary conditions, the acquisition is expected to close during the second quarter of 2012.
Deep Nishar (Senior vice president, Products & User Experience, LinkedIn): This acquisition means good things to professionals everywhere.
SlideShare was founded in October 2006 by Rashmi Sinha, a cognitive neuropsychologist, and former researcher at UC Berkeley. SlideShare users have uploaded more than nine million presentations, and according to comScore, in March SlideShare had nearly 29 million unique visitors, ranking it among the most heavily trafficked sites for professional content. Nearly 7.4 million presentations hosted by SlideShare are embedded across more than 1.4 million unique domains, says the company.
[Image Courtesy: LinkedIn]