Hobsons’ Higher Ed Business Split and Sold in Separate Deals Totaling $410M
Edsurge
FEBRUARY 20, 2021
Hobsons , which offers a suite of software for college and career planning, admissions and enrollment, and student success and advising, will be broken up and sold in a pair of transactions totaling approximately $410 million. The company’s owner, the Daily Mail and General Trust (DMGT, which is also the publisher of the British newspaper Daily Mail), announced it has reached an agreement to sell Naviance and Intersect to PowerSchool for $320 million.
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