John Wiley & Sons (JW-A) to Acquire Deltak.edu for $220M
Tweet
Share
E-mailGet Alerts ZOLT Hot Sheet
Join SI Premium – FREE
John Wiley & Sons, Inc. (NYSE: JW-A) (NYSE: JW-B) announced today that it has agreed to acquire Deltak.edu, LLC, a privately held Chicago-based leader in higher education and online learning services, for $220 million.
The acquisition, which is expected to close by the end of October, will significantly accelerate Wiley’s digital learning strategy and diversify the company’s service offerings to include operational and academic solutions for higher education institutions. For the fiscal year ended September 2012, Deltak’s revenue was $54 million. Deltak will contribute solid growth to both Wiley’s Global Education business and Wiley overall.
The acquisition, which is expected to close by the end of October, will significantly accelerate Wiley’s digital learning strategy and diversify the company’s service offerings to include operational and academic solutions for higher education institutions. For the fiscal year ended September 2012, Deltak’s revenue was $54 million. Deltak will contribute solid growth to both Wiley’s Global Education business and Wiley overall.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Silver Lake In Talks To Buy Workday, Sources Say - Reuters
- Alset AI agrees to sell 9.9% of Lyken AI to FingerMotion
- Western Union's Intermex deal gets NY approval, California suspended
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
