Short Take: TLC acquires Sofsource

Continuing its buying spree, educational software maker The Learning Company is acquiring Sofsource, a publisher of educational and test software, for about $45 million. Last month, TLC, which is competing against Cendant in a rapidly consolidating market, acquired PF.Magic for about $16 million. TLC issued 1.64 million shares to acquire Sofsource.

June 3, 1998 2:45 p.m. PT

Continuing its buying spree, educational software maker is acquiring Sofsource, a publisher of educational and test software, for about $45 million. Last month, TLC, which is competing against Cendant in a rapidly consolidating market, acquired PF.Magic for about $16 million. TLC issued 1.64 million shares to acquire Sofsource.