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Tech Industry

Short Take: The Learning Company sells debt

Software maker The Learning Company will issue $150 million in preferred stock to an investor group in exchange for that principal amount of 5.5 percent senior convertible/exchangeable notes. The investor group has agreed to purchase those notes from the Tribune Company in what The Learning Company called a strong vote of confidence.

Software maker The Learning Company will issue $150 million in preferred stock to an investor group in exchange for that principal amount of 5.5 percent senior convertible/exchangeable notes. The investor group has agreed to purchase those notes from the Tribune Company in what The Learning Company called a strong vote of confidence.