On Thursday, LinkedIn announced the purchase of another big social media network called SlideShare. This 6-year company has been revealed to compliment LinkedInâ€™s offers to the consumers as it has been said to discover more of the userâ€™s professional background.
The strategic professional network has prepared to pay $118.75 million, in a combination of shares and cash, for SlideShare. The goal of this acquisition is to increase offers to users, therefore boost the numbers.
Jeff Weiner, LinkedIn Chief Executive, said that this added offer will expand and help users grow as a professional. Saying in a press release, “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,” he also added that “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.”
SlideShareâ€™s employees have also appeared to show in the press release that they do not plan to resign from the company, even though it has been sold already. In fact, the Chief Executive of SlideShare, Rashmi Sinha, and other employees such as Mark Cuban, and Venrock has shown excitement on the partnership.
“I am excited about what we can build together,” Sinha said in the press release.
With this strategic move, who needs placement agencies?