LinkedIn is acquiring Slideshare, startup with strong India presence for $118.8mn.
Slideshare was started in 2005 and has been among the very few survivors of web2.0 era – thanks to companies focus in B2B space.
From the wire:
LinkedIn Corp. unveiled plans to buy presentation service SlideShare through a cash-and-stock deal valued at about $118.8 million, continuing the professional-networking site’s expansion after its first-quarter profit soared on higher revenue.
“SlideShare and LinkedIn have been working closely together to help professionals be more effective and productive through the content they create and share,” said LinkedIn senior vice president Deep Nishar.
The deal is expected to close by the middle of this year and as per the reports, LinkedIn will pay 45% of the SlideShare purchase price in cash, with the balance in the form of stock.
What a day for Amit and the entire Slideshare team! Well deserved exit.
What do you think has worked for Slideshare? Persistence? Focus ? Well planned marketing (they have people like Guy Kawasaki on board)?
Another prediction by our guest author, Praveen came true (Predictions 2012: Technology Trends, Investments and Exits in Indian Internet / Tech Space).
Aside, watch this slide on Slideshare’s acquisition by Linkedin