LinkedIn has announced that they are acquiring SlideShare for $119 million. The deal is being made in 45% cash and 55% stock. SlideShare allows people to upload documents on the web and embed them on websites.
“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,” stated LinkedIn CEO Jeff Weiner. “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.”
SlideShare was founded by Rashmi Sinha, Amit Ranjan, and Jonathan Boutelle. Venrock will see a 15x return on their investment in SlideShare.