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November 24, 2010

News Corp buys education software company

Andrew Edgecliffe-Johnson

Rupert Murdoch is making his first significant foray into school rooms with the $360m acquisition of Wireless Generation, a US education technology company, just days after the chief of New York's schools announced he would join News Corp to scout for education deals.

News Corp, whose interests range from its 20th Century Fox film studio to a planned iPad-only newspaper, will buy 90 per cent of the privately-held New York-based company in cash from its founders, who will retain the remaining 10 per cent.

Posted by Jim Zellmer at November 24, 2010 1:03 AM
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