Publishers Weekly: “The HM Riverdeep Group has agreed to acquire the U.S. business operations of Harcourt Education for $4 billion. The deal, which is expected to close later in early 2008, includes the Harcourt’s elementary school publishing businesses as well as Harcourt Trade. The price includes $3.7 billion in cash plus $300 million in an equity stake for Harcourt in HM Riverdeep. Total revenue of the properties involved in the sale was $1.11 billion in 2006 with the vast majority generated by the school and library operations.”
© 2007, Edward Champion. All rights reserved.