Bertelsmann has continued their roughly billion-dollar education spending spree, agreeing to buy a controlling stake in California-based Alliant International University, a network of five California-based professional schools that has locations in Mexico City, Hong Kong and Tokyo as well. The undisclosed investment is said by a Reuters source to be “in the mid-double-digit range.” Bertelsmann ceo Thomas Rabe has been talking for some time about “making the education business a third mainstay of business for Bertelsmann alongside media and services.” Last March he said they would focus on “low-cost online degree programs, educational services and medical education.” Now Rabe expands on that vision, […]
