Debt-laden Vivendi Universal announced plans Aug. 14 to sell of $9.8 billion in assets, including educational publisher Houghton Mifflin Co. The announcement carries significant weight for the company's K-12 school customers, which include users of educational software from Sunburst Technology and Knowledge Adventure, now a division of Sunburst.

The sell-off signals the first step to break up the French media and entertainment conglomerate constructed in a two-year buying spree by former chairman Jean-Marie Messier.

Messier was ousted in July, leaving Vivendi struggling under $18.6 billion in debts. Messier's replacement,


Subscribe to Read More

Are You an Educator?

Get Free online access to all our news and resources