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News Corp. Buys Educational Company

  • Reuters, Wednesday, November 24, 2010 12:21 AM
News Corp said it will acquire 90% of Wireless Generation, a privately held Brooklyn-based education technology firm, for about $360 million in cash to expand its presence into the education technology sector. The company said Wireless Generation will become a unit of News Corp and will be managed by the target company's executives, including founder and CEO Larry Berger, who will retain a 10% interest.

Established in 2000, Wireless Generation offers mobile and Web software, data systems and professional services that allow teachers to use data to assess student progress and deliver individualized instruction.

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