It’s Official: Riverdeep Buys Harcourt Education US As previewed yesterday, then confirmed on our site and now everywhere, Reed confirmed the sale of Harcourt’s US Schools Education business to Houghton Mifflin Riverdeep Group for $4 billion ($3.7 billion in cash and $300 million in stock, which will leave Reed with an 11.8 percent stake in the parent company). Per our speculation, the Harcourt list will apparently be incorporated into Houghton Mifflin to “create a preeminent publisher with one of the industry’s most distinguished lists of authors.” Houghton ceo (and yes, former head of Harcourt Education) Tony Lucki will lead the […]
