Microsoft's LinkedIn announced today that it has sold SlideShare, the presentation-sharing service it acquired in May 2012, to Scribd. Financial terms of the deal were not disclosed.
Scribd will take over the operations of Slideshare on September 24, including its 100 million users, presentation upload and hosting tools, as well as its existing documents. Trip Adler, Co-founder and CEO of Scribd, said:
“Our acquisition of SlideShare is a major step towards creating the world’s largest digital library. Scribd has accumulated a unique collection of user-generated and professional content that we make available to our readers via personalized recommendations, and the addition of presentations from the SlideShare community advances our vision."
Over the past eight years, after its acquisition by LinkedIn, SlideShare has powered the social networking site's content experience for professionals with the capability to upload, share, and discuss documents on the platform, LinkedIn noted. For Scribd, the addition of SlideShare to its family means an expansion of its reading ecosystem by more than 40 million presentations. The company said it provides information and educational resources like study guides, business templates, academic papers, and public court filings as part of its premium subscription service. It also offers audiobooks, podcasts, sheet music, and magazines.