Online networking site LinkedIn will acquire lynda.com, an online learning company teaching business, technology and creative skills.

The transaction is valued at approximately $1.5 billion, subject to adjustment, in a combination of approximately 52% cash and approximately 48% stock. The acquisition is expected to close during the second quarter of 2015, subject to the completion of customary conditions.

Carpinteria, Calif.-based lynda.com was co-founded in 1995 by Lynda Weinman and Bruce Heavin. Through a subscription to lynda.com’s service, individual members and organizations have access to a collection of courses offered in English, German, French, Spanish, and Japanese. In addition to individual subscribers, lynda.com serves corporate, government and educational organizations through its lyndaEnterprise, lyndaPro, lyndaCampus, lyndaLibrary and lyndaKiosk products.

“As the head of content products at LinkedIn, I spend a lot of time thinking about how the access to information and knowledge can be used to make professionals more productive and successful,” Ryan Roslansky, head of global content products at LinkedIn, wrote today in a blog post. “The fact that I had to take a crash course to acquire a new professional skill is not unique to me — millions of professionals around the world are in a constant state of learning to achieve their professional goals every day.”

LinkedIn last month acquired Careerify, a Toronto-based firm providing an online platform that allows firms to manage employee referrals, internal mobility and employer branding in one solution.