May 10, 2019 | Volume 50, Number 10

Cengage, MHE Seek Better Outcomes in Merger

Cengage (Boston) and McGraw-Hill Education (New York) agreed in May to merge, creating a company that will provide core instructional material for the entire learning continuum—from ...

Knewton Finds a New Home with John Wiley & Sons

John Wiley & Sons (Hoboken, NJ) expects to complete its acquisition of the assets of adaptive-learning technology platform provider Knewton (New York) by the end of May.The pending ...

Chegg Exceeds Expectations in Q1, Raises Outlook

Chegg (Santa Clara, CA) generated $97.4 million in revenue in the first quarter, up 26.6% from the same period last year, driven by its Services business, but with Required ...

Companies Benefit from Spring Investing

Online course platform provider Coursera (Mountain View, CA) in April raised an additional $103 million in a Series E equity round. Participating in the financing round, the SEEK Group ...

Funding Levels Are on the Rise

Wing Venture Capital in April provided some new data about changes in early-stage funding and expectations for emerging companies across all fields by investors. Among the findings ...

Pearson North America Revenue Declines 2% in Q1

Pearson’s (London/New York) higher education course materials revenue in North America declined slightly in the first quarter, but Pearson said the underlying direction of the ...

McGraw-Hill Education Steps Positively Briskly into 2019

McGraw-Hill Education (New York) billings and adjusted EBITDA improved across the board in the first quarter, with company billings up 9.5% to $242 million. Adjusted EBITDA loss of ...

In the Schools, May 10, 2019

Walpole (MA) Public Schools next fall plan to launch an eighth-grade civics class, following the adoption of new standards by the state. The district is one of many in Massachusetts ...

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