Mergers and Acquisitions

Korean Publisher Acquires Adaptive Math Program, KnowRe

Math is a hot subject right now—especially in the world of mergers and acquisitions. Last week, DreamBox Learning raised $130 million to grow its online K-8 math software.

After Layoffs, Math Curriculum Developer Reasoning Mind Sells to Weld North Education

This week, two online math instructional developers found themselves in the crosshairs of private equity firms. One of these deals made for splashy headlines: Dreambox Learning’s $130 million investment from The Rise Fund.

AdvancED to Merge With Assessment Maker, Measured Progress to Form $120M Nonprofit

Two national education nonprofits whose school improvement and assessment tools impact millions of students across the country are merging. Today, AdvancED and Measured Progress announced plans to combine their school support and data tools underneath one entity.

Microsoft Buys Video-Discussion Platform Flipgrid

A video-discussion platform originally started by a University of Minnesota professor to keep in touch with students for a course he was teaching has been purchased by tech giant Microsoft.

Acquisition Autopsy: Details—and Questions—Behind MissionU’s $4M Sale to WeWork

Usually, when a hot startup gets acquired by an even hotter one, the industry cheers. But reactions to this month’s announcement that MissonU has been bought by WeWork have been lukewarm, if not entirely absent. Few, if any, of MissionU’s financial backers publicly celebrated the transaction on Twitter or elsewhere.

Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab

Reading, writing and AI—that turned out to be the winning combination for startup, WriteLab.Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. (There’s an additional payment of $5 million to key employees over the next three years, assuming they stay.)

General Assembly to Be Acquired By Swiss HR Firm for $412.5 Million

General Assembly, the New York-based provider of coding bootcamps and short-term career-focused educational programs, has reached an agreement to be acquired by the Adecco Group for $412.5 million.Based in Zurich, Switzerland, the Adecco Group is a conglomerate that houses eight brands that provide staffing, recruitment, freelancing and other talent management and human resource services.

China’s NetDragon to Acquire Edmodo for $137.5 Million

China’s NetDragon has gobbled up another education technology company. This time, it’s Edmodo, one the largest online social communities of teachers and students in the world.NetDragon Websoft, a publicly-traded company based in Fuzhou, China, has agreed to pay $137.5 million for Edmodo. That deal includes a modest cash outlay of approximately $15 million and a significant chunk of equity (about $122 million worth of shares in NetDragon's education subsidiary.)

MyON Turns Another New Page With a New Owner: Renaissance Learning

Just a year after it was purchased by a private equity firm, myON is swapping hands again.The latest owner of the digital K-12 literacy platform is Renaissance Learning, a provider of math, literacy and assessment products. Financial terms of the acquisition were not disclosed.

Discovery Education to Find a New Owner in SF Private Equity Firm

Discovery Education, a large provider of print and digital textbooks and curriculum, is taking a big step away from its parent company Discovery Communications, best known for its broadcast TV channels. San Francisco-based private equity firm Francisco Partners has agreed to acquire a majority stake in the education business in a deal worth $120 million.

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