On May 3, 2012, LinkedIn announced that they will acquire SlideShare for about $119M in cash and stock. LinkedIn and SlideShare worked well together in the past, so I expect this acquisition to bring their partnership to even greater heights! While LinkedIn is the world’s largest professional network with 161 million members, SlideShare is the world’s largest community for sharing presentations, hosting roughly 7.4 million presentations. Started just five years ago, SlideShare provides quick and easy ways for people to share their stories visually. A great tool for professionals everywhere!
According to LinkedIn’s press release, “the acquisition is expected to close during the second quarter of 2012″ so long as everything goes according to plan.
According to SlideShare’s CEO, Rashmi Sinha, we will begin to ”see some integrations that take advantage of the great fit between SlideShare and LinkedIn” without compromising SlideShare’s usual services. Sinha assures current SlideShare users that they will not lose the service they have come to love.
“This acquisition means good things to professionals everywhere. Presentations are a core component of how professionals define and brand their identity. This deal enables professionals to discover people through content, and content through people. 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,” says LinkedIn’s Senior Vice President, Products & User Experience, Deep Nishar.
The positivity radiating from both LinkedIn and SlideShare is bound to bring some cool new features our way.
Check out their presentation below!