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Tech Industry

Short Take: Learning Co. acquires software makers

The Learning Company, a software sales catalog for schools, announced two separate agreements to acquire educational software makers Skills Bank and Learning Services in a stock transaction valued at a total of more than $26 million. Learning Services will receive 720,000 shares of common stock, while Skills Bank will receive 1.1 million shares. The Learning Company closed at 14-1/2 yesterday.

The Learning Company, a software sales catalog for schools, announced two separate agreements to acquire educational software makers Skills Bank and Learning Services in a stock transaction valued at a total of more than $26 million. Learning Services will receive 720,000 shares of common stock, while Skills Bank will receive 1.1 million shares. The Learning Company closed at 14-1/2 yesterday.