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.
, 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.