Press Release: Houghton Mifflin Harcourt to Acquire Scholastic’s Educational Technology and Services Business for $575 Million
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The management team of the EdTech business, including its President Margery Mayer, is expected to remain with the business as part of HMH. The business' approximate 800 employees are also expected to join HMH upon transaction close.
Financial Overview:
The acquisition is aligned with the Company's capital allocation framework and is expected to enhance HMH's financial profile.
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- People:
- Houghton-Mifflin Harcourt
- Places:
- Boston
- United States
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