News Corp. said that it had agreed to acquire 90 percent of education technology company Wireless Generation for 360 million dollars in cash, reports the AFP.

“Wireless Generation is at the forefront of individualized, technology-based learning that is poised to revolutionize public education for a new generation of students,” News Corp. chairman and chief executive Rupert Murdoch said.

Education of children aged five through 18 is a “500-billion-dollar sector in the U.S. alone that is waiting desperately to be transformed by big breakthroughs that extend the reach of great teaching,” he said in a statement…

Click here for the full story

About the Author:

staff and wire services reports