$575 million deal expected to increase HMH's ed-tech, early learning reach


hmh-dealGlobal learning company Houghton Mifflin Harcourt (HMH) has entered into a definitive agreement to acquire the Educational Technology and Services (EdTech) business of Scholastic Corporation for $575 million in cash, subject to customary working capital adjustments.

The acquisition would provide HMH with a stronger position in intervention curriculum and services and extend its product offerings in key growth areas, including educational technology, early learning, and education services, creating a more comprehensive offering for students, teachers and schools.

The transaction would add digital infrastructure...

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  • About the Author:

    Laura Ascione

    Laura Ascione is the Managing Editor, Content Services at eSchool Media. She is a graduate of the University of Maryland's prestigious Philip Merrill College of Journalism. Find Laura on Twitter: @eSN_Laura http://twitter.com/eSN_Laura