Houghton Mifflin Harcourt Co, the textbook publisher that emerged from bankruptcy last year, priced its initial public offering at $12 per share, below the range it guided towards earlier this month.
Education
Apax may create conflict of interest in Cengage bankruptcy
United Kingdom-based Apax Partners aimed to become one of the largest equity holders of textbook publishing company Cengage Learning Inc after the latter exits from bankruptcy.
Udacity launches online degree program to meet the need for more data scientists
With the aim of filling the shortage of data scientists, Udacity has launched its new online data science degree program with its first class "Introduction to Hadoop and MapReduce."
Judge sides with Google on book-scanning case
Judge Denny Chin of the US Circuit Court in New York ruled that the scanning can be classified as fair use since it was "highly transformative." Chin also said that the scanning was not detrimental to the marketing for the author's work.
Kidaptive raises USD 10.1 million in Series B round led by Formation 8
Formation 8 led the Series B round for preschool-focused digital learning company Kidaptive which raised USD 10.1 million to further develop its first product, Leo's Pad: Preschool Kids Learning Series for iPad.
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Textbook rentals and academic services company Chegg priced its IPO at USD12.50 per share. The startup exceeded expectations after initially pricing its share at USD9.50 to USD11.50 per share.
In an interview with GeekWire, PitchBook Founder John Gabbert said the company's online research tool would help venture capital and private equity professionals make better business decisions.
Intel Corporation acquired e-learning software company Kno. Intel Corporation recently acquired software company Kno. The latter began as a hardware company that later pivoted into producing eTextbooks and eBooks for college and K-12 students and publishers.
The following bids, mergers, acquisitions and disposals were reported on Wednesday The following bids, mergers, acquisitions and disposals were reported on Wednesday:Germany's Siemens agreed to sell the bulk of its water technologies business to private equity group AEA Investors for 640 million euros ($862 million).
School bus company Atlantic Express Transportation Corp filed for debt relief. Atlantic Express Transportation Corp sought Chapter 11 bankruptcy protection, according to a court filing.
The initial public offering of Chegg was highly anticipated by the technology community following its impressive growth
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
Academic textbook rental company Chegg recently priced its shares for its upcoming IPO. On Thursday, textbook rental and academic services startup Chegg said intended to raise up to USD172.
Lane MacDonald would be heading the private equity investments of the Harvard Management Company. Investment veteran Lane MacDonald was promoted to oversee the private equity investments of Harvard Management Company.
