- LinkedIn (LNKD) has filed to allow shareholders in recently-acquired Lynda.com to sell up to 3.57M shares (slightly over 3% of outstanding shares) at their discretion.
- Potential sellers include a family trust controlled by Lynda.com co-founders Lynda Weinman and Bruce Heavin, and investors Accel Partners, TPG, Meritech Capital, and Spectrum.
- In April, LinkedIn struck a $1.5B deal to buy Lynda.com - 52% of the payout is in cash, and 48% in stock. Sell-side reactions to LinkedIn's purchase of the online learning platform have been largely positive, but the deal hasn't been without its growing pains.