Professional social network LinkedIn will acquire presentation-sharing site SlideShare for $119 million in a move designed to boost the content available to its members.
The business network, which recently launched an iPad to provide more uses for business networkers, will pay $53.4 million in cash for SlideShare, with the remaining amount being made up with stock.
According to LinkedIn CEO Jeff Weiner, SlideShare, which allows users to upload presentations to the web and share them, is the perfect fit for LinkedIn. “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,” Weiner said.
“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. We’re very excited to welcome the SlideShare team to LinkedIn.”
With more than 9 million presentations uploaded on SlideShare to date, covering topics from job advice to in-depth technical talks on IT, its founders Rashmi Sinha, Jonathan Boutelle, and Amit Ranjan had the business professional in mind when they developed the site.
“We built SlideShare to help professionals share presentations and connect people through content,” added Rashmi Sinha, chief executive of SlideShare.
A presentation highlighting the reasons behind the deal has been posted on SlideShare.