LinkedIn to acquire Lynda.com for $1.5 billion in notable effort to link education & global opportunity #learning #development

LyndaToday, LinkedIn Corp. announced it has agreed to buy Lynda.com, an online learning company based in Carpinteria, California, in a deal valued at $1.5 billion. The deal is expected to close second quarter this year, and LinkedIn will pay some 52 percent in cash and 48 percent stock for the company.

It’s an appropriate match; Lynda.com specializes in courses and video tutorials on technology and business skills. In a brief from MarketWatch, LinkedIn’s Chief Executive Jeff Weiner said the company’s extensive library of premium video content will help empower people to develop the skills they need to accelerate their careers. “When integrated with the hundreds of millions of members and millions of jobs on LinkedIn, Lynda.com can change the way in which people connect to opportunity.” Continue reading “LinkedIn to acquire Lynda.com for $1.5 billion in notable effort to link education & global opportunity #learning #development”

Wal-Mart Puts Up Cash to Close Skills Gap #learning #development #skillsgap #Walmart

Wal-Mart Stores Inc. announced late last week it will donate $16 million in grants to seven nonprofit groups in an effort to close the skills gap for more than 12,000 American, entry-level workers in retail and related industries such as transportation and distribution.walmart

The grants are one piece of a five-year $100 million commitment to facilitate the education-to-employment system in this country, which Walmart Foundation President Kathleen McLaughlin said is broken, in a Fortune article.

The seven non-profits — Achieving the Dream, The ACT Foundation, Dress for Success, Goodwill Industries, Jobs for the Future, McKinsey Social Initiative and the National Able Network — will partner with government agencies and employers to develop programs and tools to help entry-level employees build skills and find employment. Continue reading “Wal-Mart Puts Up Cash to Close Skills Gap #learning #development #skillsgap #Walmart”