LinkedIn is planning to sell its presentation publishing service SlideShare to Scribd, which owns a cloud-based document storage service of the same name.
The amount of the deal was not disclosed. Scribd will take over the SlideShare business on September 24th, 2020. As part of the deal, Scribd will not be hiring new employees; SlideShare will be managed by an existing team, according to TechCrunch.
Scribd is mainly interested in content from 40 million presentations and the audience of 100 million unique monthly visitors.
Both companies are dedicated to sharing content.
“The difference is that SlideShare focuses more on PowerPoint presentations and corporate users, while we relied mostly on PDFs, Word documents and e-books,” explains Scribd CEO Trip Adler.
He added that SlideShare would continue to operate as a separate service, independent of Scribd.
LinkedIn bought SlideShare in 2012 for $119 million.
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