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Just one year ago, LinkedIn made history on the Central Coast when it created the region’s first unicorn, buying Lynda.com for $1.5 billion. Now LinkedIn is selling itself to Microsoft for $26 billion, or an estimated 79 times operating earnings, in what Bloomberg and the New York Times DealBook column describe as one of the Read More →
By Staff Report / Monday, June 13th, 2016 / Latest news / Comments Off on Microsoft buying Lynda.com parent LinkedIn for $26 billion
Lynda.com parent LinkedIn is being acquired by Microsoft for $26 billion. LinkedIn bought the Carpinteria-based web tutorial service Lynda.com just over a year ago for $1.5 billion. Lynda.com still has about 350 employees at its office at 6410 Via Real in Carpinteria. Microsoft’s acquisition of professional social network LinkedIn is one of the largest technology Read More →
You might call it the Mindbody-Appfolio effect. The pair of $100 million-plus initial public stock offerings filed last month has caught the attention of dealmakers from the Bay Area to Los Angeles. Add to that the stunning, $1.4 billion sale of Lynda.com to Linkedin and you have the most buzz in the region since the Read More →
Google has selected a UC Santa Barbara lab for a new quantum-computing initiative just a short distance from where Microsoft has an established outpost, setting up a battle among tech giants on the South Coast. On Sept. 2, Google’s Quantum Artificial Intelligence Lab said that it was launching a new hardware push to design and Read More →