Scholastic Completes Sale of EdTech to HMH
Jun 01, 2015
Scholastic Corporation has completed the previously reported sale of its educational technology and services segment, or EdTech, to Houghton Mifflin Harcourt Company, including the equity in International Center for Leadership in Education and Tom Snyder Productions, Inc., for $575 million in cash.
With the completion of the sale, Scholastic will "remain focused on growing its core children's book business, including school book clubs, book fairs and trade, and the publishing and sale to schools of print and digital instructional materials, both in the US and around the world, with a major presence in Canada, Australia, U.K., and Asia," according to the publisher.
For the full press release, click here.
