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Knewton Was Acquired For Less Than $17M, and Former CEO Brian Kibby Has Left

Edsurge

When Wiley announced back in May that it had acquired Knewton, both companies kept mum on how much the deal was worth. In its most recent earnings report , which covers the three months ended July 31, 2019, Wiley disclosed that it had “spent $73 million in total on acquisitions in the quarter, including zyBooks and Knewton.”

Knewton 103
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Deals and More Deals: The Top Edtech Business Stories of 2019

Edsurge

The gaming giant worked with the Institute of Play to create STEM-focused, hands-on learning experiences that promote collaboration, creativity and problem solving. But the Denver-based company may find itself in a crowded herd, with competitors new and old jostling for a slice of the $20 billion market. (We billion market value.

EdTech 79
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The Asian Money Fueling US Edtech Investments

Edsurge

So states a recent Wall Street Journal report on the tens of billions of dollars that Chinese companies have poured on U.S. The “cultivation of students’ entrepreneurship and innovation capabilities and practical skills” was a priority in China’s 5-Year Plan for 2016-2020. Edtech Companies With Asia-Based Investors. Authess $2.2

EdTech 94
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The 100 Worst Ed-Tech Debacles of the Decade

Hack Education

Without revenue the company will go away. Or the company will have to start charging for the software. Or it will raise a bunch of venture capital to support its “free” offering for a while, and then the company will get acquired and the product will go away. And “free” doesn’t last. Sometimes they strike a deal.

Pearson 145
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Hack Education Weekly News

Hack Education

“These Universities Are Training the World’s Top Coders,” according to Fast Company , which claims the best “coders” (whatever the hell that means) come from the Russian Federation College, ITMO University (Russia), Sun Yat-sen Memorial Middle School (China), and Ho Chi Minh City University of Science (Vietnam).

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Hack Education Weekly News

Hack Education

science and student exchange programs through the end of the current budget cycle in 2020.” ” This stems from a protest at the University of Connecticut. ” I’ll be adding student loan company Quiklo to the ed-tech dead pool. ” Inside Higher Ed on Knewton ’s “pivot.”

Kaplan 50