News Corp Completes Sale of Amplify Digital Education Businesses
30 Settembre 2015 - 11:40PM
Business Wire
News Corp (NASDAQ:NWS) (NASDAQ:NWSA) (ASX:NWS) (ASX:NWSLV)
announced today that it has sold its Amplify Insight and Learning
businesses to a management team supported by a group of private
investors. Financial terms of the transaction were not
disclosed.
As a result of the sale, beginning in First Quarter of Fiscal
2016, News Corp will reflect the results of its Digital Education
segment as discontinued operations.
"We are extremely proud of the crucial work that the Amplify
team has done to create a digital platform for the future. It is
tragic that so many children are digitally literate but
functionally illiterate, and it has been the cherished vision of
all at Amplify to ensure that students, regardless of their
background, have access to a contemporary curriculum delivered on a
contemporary platform,” said Robert Thomson, Chief Executive of
News Corp. “There is no doubt that the foundations laid by the
creative team at Amplify will be profoundly influential in coming
years as both curriculum and classroom evolve. All who have been
involved in the Amplify business at News Corp should be conscious
of their contribution to education in the US and beyond."
Amplify was founded in 2011 and is a leading provider of
educational analytics and assessments. To date, Amplify has
supported more than 200,000 educators and 3 million students in all
50 states, empowering teachers to offer more personalized
instruction, so that students become more active, engaged learners.
Amplify’s best-in-class digital curriculum targets K-12 reading,
math and science, using immersive and rigorous learning experiences
and a comprehensive portfolio of educational games.
As previously announced, Amplify has ceased marketing tablets to
new customers, and support will continue to be provided to existing
tablet customers.
Forward-Looking Statements
This document contains certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management’s views and
assumptions regarding future events and business performance as of
the time the statements are made. Actual results may differ
materially from these expectations due to changes in global
economic, business, competitive market and regulatory and other
factors. More detailed information about these and other factors
that could affect future results is contained in News Corp’s
filings with the Securities and Exchange Commission. The
“forward-looking statements” included in this document are made
only as of the date of this document and we do not have any
obligation to publicly update any “forward-looking statements” to
reflect subsequent events or circumstances, except as required by
law.
About News Corp
News Corporation (NASDAQ:NWS) (NASDAQ:NWSA) (ASX:NWS)
(ASX:NWSLV) is a global, diversified media and information services
company focused on creating and distributing authoritative and
engaging content to consumers throughout the world. The company
comprises businesses across a range of media, including: news and
information services, book publishing, digital real estate
services, and cable network programming and pay-TV distribution in
Australia. Headquartered in New York, the activities of News
Corporation are conducted primarily in the United States,
Australia, and the United Kingdom. More information is available
at: http://www.newscorp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150930006856/en/
News Corp Investor RelationsMichael Florin,
212-416-3363mflorin@newscorp.comorNews Corp Corporate
CommunicationsJim Kennedy, 212-416-4064jkennedy@newscorp.com
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