Elsevier In Advanced Talks To Buy Mendeley For Around $100M To Beef Up In Social, Open Source Education Content
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The world of ed-tech is ramping up another notch, and getting a lot more open in the process: educational publishing giant Elsevier is in advanced talks to buy Mendeley, a London/New York-based provider of a platform for academics to share research and collaborate with each other via a social network. TechCrunch understands from sources close to the companies that the deal is underway and should close this quarter, possibly by the end of February — all things being equal — and will be in the region of $100 million.
- Holtzbrinck Publishers