With Textbook Lawsuit Dismissed, Platinum Equity Inks $4.5B Deal to Buy McGraw Hill

Publisher McGraw Hill will soon pass from one private-equity firm to another. Platinum Equity announced an agreement this week to buy the company from Apollo Global Management, in a deal valued at about $4.5 billion, including debt, reports the Wall Street Journal. McGraw Hill CEO Simon Allen will continue to lead the business, according to … Read more

Kahoot Acquires Clever for $500M, Hoping to Expand Its Presence in the U.S.

Kahoot, it seems, is just heating up. The publicly traded, game-based learning company announced Thursday that it was acquiring Clever, a digital learning platform used widely among K-12 schools in the U.S. Kahoot will snap up Clever for a combination of cash and shares, at an enterprise value between $435 and $500 million, depending on … Read more

Hobsons’ Higher Ed Business Split and Sold in Separate Deals Totaling $410M

Hobsons, which offers a suite of software for college and career planning, admissions and enrollment, and student success and advising, will be broken up and sold in a pair of transactions totaling approximately $410 million. The company’s owner, the Daily Mail and General Trust (DMGT, which is also the publisher of the British newspaper Daily … Read more

Renaissance Learning to Acquire Nearpod in Blockbuster $650M All-Cash Deal

With constant budget pressures, protracted sales cycles and a diffuse web of different purchasing processes, the K-12 education market is not for the faint of heart, especially for startups looking to establish themselves. It has long had a reputation for moving much more slowly than the pace at which startups need to operate to survive … Read more

Instructure to Sell Bridge for $50M and Exit Corporate Learning Market

Where Instructure planned to go with Bridge, its learning management system for corporate and enterprise customers, has been an open question for over a year, when the company was still publicly traded. On a call with investors in October 2019, former CEO Dan Goldsmith expressed disappointment with the growth of the business, and said “nothing … Read more

The Edtech Company Formerly Known as AltSchool Sold Its Tech. So What’s Left?

A learning management system developed by one of the most high-profile, highly funded and overhyped K-12 education startups has found a new home. First, a recap: In 2019, AltSchool, a San Francisco-based startup that simultaneously developed a network of “microschools” in tandem with educational software, sold the schools to Higher Ground Education, an operator of … Read more