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Varsity Tutors to Go Public at $1.7B Valuation Through SPAC Acquisition

Edsurge

Being nerdy pays off, and soon there will be another education technology company on the public market. Nerdy, the parent company of Varsity Tutors , an online tutoring platform, will be acquired by TPG Pace Tech Opportunities, a special purpose acquisition company. led by longtime industry investor Michael Moe.

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As LinkedIn’s Video Library Grows, Company Says It Has No Plans to Compete With Colleges

Edsurge

It has been just over two years since LinkedIn shocked the industry by buying Lynda.com, a library of video courses, for $1.5 EdSurge: A couple of years ago LinkedIn bought Lynda.com for a whopping 1.5 Golding: I joined Lynda.com in 2011. You taught courses at Lynda.com before LinkedIn bought the company.

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LinkedIn spends $1 billion on education company to improve skill training

eSchool News

LinkedIn to acquire lynda.com to better connect the global workforce, says company. Through a subscription to lynda.com’s service, individual members and organizations have access to a collection of courses taught by what the company says are industry experts, offered in various languages.

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LinkedIn’s New Learning Platform to Recommend Lynda Courses for Professionals

Edsurge

If that offering sounds like what one might find on Lynda.com, which LinkedIn acquired 18 months ago. The new product, LinkedIn Learning , includes all 5,000 courses published on Lynda.com, and any new courses created will be published on both platforms. The company, which is in the midst of being. acquired by Microsoft for $26.2

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New Markets Venture Partners Adds $30 Million, Former Gates Foundation Executive to Edtech Fund

Edsurge

New Markets has supported 43 companies since its launch in 2003; edtech startups make more than 90 percent of its deals in the past five years, Palmer adds. Part of the new fund will also be used for what Palmer calls “recapitalization,” a scenario that companies want to avoid. A fourth deal is expected to close sometime this month.

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Microsoft Takes a Bite Out of BrightBytes, Acquiring Its DataSense Platform and Team

Edsurge

DataSense traces its origins to Authentica Solutions, an education data management company founded in 2013. But the fact that BrightBytes is selling DataSense less than two years later suggests that whatever integration the company had in mind might not have panned out. Company officials declined to comment on this deal.

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PresenceLearning Acquires Global Teletherapy and Propels Next Phase of Growth with Majority Investment from Spectrum Equity and TPG’s Rise Fund

eSchool News

The company has acquired Global Teletherapy, the leading teletherapy service provider to virtual K-12 schools, and has signed a definitive agreement for Spectrum Equity, a leading growth equity firm, and The Rise Fund, TPG’s multi-sector global impact investing strategy, to acquire a majority stake in the company.