Following Friday’s modest announcement of Intel‘s takeover of educational textbook start-up Kno, Om Malik reports “well placed sources who were in the know told us that the company sold for $15 million with some retention bonuses for the employees.” This after raising roughly $75 million in equity and another $20 million in debt. He adds that “earlier this year, the company tried and failed to cut a deal with CourseSmart….In order for the two companies to work together, Kno had to take on all of CourseSmart’s liabilities and at the same time honor its contractual obligations. That deal, which was […]
