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After receiving a reported $6.5 million from Group One Capital in September 1999, ChildU Inc., an online distance learning company for the K-12 market, has struggled to secure additional funding. In May, ChildU announced that it would be acquired by WRC Media Inc., an educational publishing and media firm. Financial details of the transaction have not been disclosed, but ChildU expects all 55 of its employees to remain with the company.
WRC Media, an education
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