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January 4, 2012By Sarah Weinman

Corporate News: Scholastic Buys Learners Publishing; Bertelsmann Sells 50 Percent Stake in Pubbles to Weltbild

January 4, 2012By Sarah Weinman

Scholastic announced Monday that its Singapore subsidiary acquired Learners Publishing, a Singapore-based publisher of supplemental English-language learning materials which has published more than 400 titles since its founding in 2000.  “Through this acquisition, Scholastic’s offering of products in the English Language Learning segment is significantly enhanced,” Scholastic International president, growth markets Shane Armstrong said in the release. “Learners’ talented team and its list of outstanding titles will assist Scholastic in accelerating educational publishing growth in International markets.” Regulators approved Bertelsmann’s deal to sell half of its stake in German e-reading store/platform Pubbles to Weltbild for an undisclosed sum. The deal was […]

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Filed Under: Finance, International News, News, Textbooks

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