Educomp buys 51 percent stake in learning.com
- Filed under: Education
- Date: May 20,2008
Educomp rose almost 4 percent today after the news hit the street that they bought 51 percent stake in learning.com , but as the marketr saw some see saw action it closed down by 33 rs.The Stake news is as follows.
Educomp has acquired 51 per cent stake in Learning.com, and has invested a total of $24.5 million in the transaction, which included the purchase of existing shares as well as infusion of fresh capital into the company. Through this deal, Educomp has got distribution access to over 800 districts and leverages its substantial content development and IT capabilities to reach out to North American markets.