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Wiley to Acquire Knewton’s Assets, Marking an End to an Expensive Startup Journey

Edsurge

In the second eye-raising deal for the higher-ed publishing industry in as many weeks, Wiley, a major textbook publisher, has agreed to acquire the assets of Knewton, a provider of digital courseware and adaptive-learning technologies. The New York City-based company has raised more than $180 million in investment capital.

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Cengage, McGraw-Hill Agree to Merge to Become 2nd Biggest US Textbook Publisher

Edsurge

The new company will retain the McGraw Hill name, but will be led by Michael Hansen, currently the CEO of Cengage. Like other established textbook publishers, both companies have reoriented their businesses around digital offerings. Banerjee told the Journal that taking the combined company public is a possibility.

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Hitting Reset, Knewton Tries New Strategy: Competing With Textbook Publishers

Edsurge

Knewton drew heaps of hype and investment by promising to provide artificial-intelligence technology to major textbook companies to make their content more adaptive. Now the company has pivoted, and it is poised to formally announce its own online courseware that will compete head-to-head with those publishing giants.

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Showing #OpenGratitude for: OpenStax

Iterating Toward Openness

From their website: OpenStax is a nonprofit based at Rice University, and it’s our mission to improve student access to education. Our first openly licensed college textbook was published in 2012, and our library since scaled to more than 20 books for college and AP courses used by hundreds of thousands of students.

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Michelson Runway Announces 5 Higher-Ed Startups in Inaugural Cohort

Edsurge

Michelson Runway , a San Francisco-based accelerator, announced the handful of companies that will be in its inaugural cohort. We’re focusing on higher-ed access and completion and transition into the workforce,” says Michelson 20MM Foundation President Phil Kim. “We Around 200 companies applied for the five spots in the 2016 cohort.

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64 predictions about edtech trends in 2024

eSchool News

Ten years ago, when we began building equitable, offline-first education technology for the 2/3 of the world who didn’t have internet access, many people told us to just wait and the gap would close naturally. Courtney Groskin, Instructional Learning Coach, St. Vrain Valley Schools, Longmont, Colo.

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K-12 Dealmaking: Knewton Raises $52M; Imagine K12 Merges with Y Combinator

Marketplace K-12

Venture capital deals in the ed-tech market dominated the news over the past week, with companies such as Knewton, SchoolMint, and NuuEd announcing the completion of funding rounds as well as ed-tech accelerator Imagine K12 merging with the Y Combinator fund. million PreK-12 students. NuuEd Receives $3 Million from Swiss Firm: Oakland, Calif.-based

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