Thetransaction is valued at approximately $1.5 billion, subject to adjustment, in a combination of approximately 52 percent cash and approximately 48 percent stock. Subject to the completion of customary conditions, the acquisition is expected to close during the second quarter of 2015.
"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 LinkedIn, we have found an incredible partner who shares our vision and passion for empowering people around the world to make real change in their lives through access to information, learning and professional development," said Eric Robison, CEO of
lynda.com.
LinkedIn will host a webcast and conference call to discuss the acquisition agreement today at 8:45 am Eastern Time/5:45 am Pacific Time. Jeff Weiner and Steve Sordello will host the webcast, which can be viewed on the investor relations section of the LinkedIn website at This call will contain forward-looking statements and other material information. Following completion of the call, a recorded replay of the webcast will be available on the website.
lynda.com is a leading online learning company that helps anyone learn business, technology and creative skills to achieve personal and professional goals. Through individual, corporate, academic and government subscriptions, members have access to the
lynda.com and Video2Brain video library of more than 6,300, engaging, top-quality courses and more than 267,000 video tutorials taught by recognized industry experts. The company also provides German, French and Spanish-language content under the video2brain brand name.
lynda.com, Inc. was founded in 1995 and is headquartered in Carpinteria, California with offices in San Francisco, London, Sydney and Graz and is funded in part by Accel Partners, Spectrum Equity, TPG Capital and Meritech Capital Partners.
This is a notable contrast with other local banh mi shops, where interior design often starts and stops at spring rolls and cans of pate arranged neatly on a countertop. Where many venues are strictly about the food, Lynda Sandwich offers a comfortable spot to sit, sip and snack for a while.
Send your blood-sugar level through the roof by pairing the dazzling doughnuts with an iced coffee (ca phe sua da). For my tastes, a bit more strength in the brew would be nice, as my hands scarcely tremble afterward, but I prefer my coffee muddy and black, so take my preference with a grain of salt.
A flawless cup of joe can, however, be found on the shelf of Vietnamese jellies. Known here as java jelly, the dessert consists of a jiggly, coffee-flavored block topped with sweet liquid cream, almost a deconstructed and reconstituted version of iced coffee.
On the savory side of the menu, beef stew (bo kho, $6.50) exudes spicy notes of star anise and cinnamon, while chicken rag ($6.50) presents warm tomato flavors. Each offers tender meat, and each stock begs for torn bits of baguette, but the kitchen is far too heavy-handed with the roux, leaving each broth all too similar to the gelatin snacks.
Far better is the combination platter ($8), featuring shredded chicken, a pork roll encased with egg and stuffed with beets, a lovely shaking beef (bo luc lac) where tenderloin and garlic marry happily, a fried egg, tater tots, Chinese sausage and sides of daikon, carrot, cilantro, pate and ultra-thick garlic mayo with which to construct your own banh mi.
Impressive choices include a shredded chicken (ga) imbued with sweet and salty flavors, as well as the house special (dac biet) combining the same chicken with house-made pork roll, steamed pork and a slick of savory pt. Best of all is the fried egg with Chinese sausage (trung with lap xuong), a breakfast-style sub that will have you tossing your Cheerios in the trash.
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