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Bertelsmann is significantly expanding its strategic growth business of education: The international media company is buying the American e-learning provider Relias Learning from the private equity firm Vista Equity Partners for an amount in the mid-hundreds of millions (USD). The transaction, which is still subject to approval by the antitrust authorities, is expected to be completed before the year is out. This is Bertelsmann s biggest purchase in the U.S. since it took over Random House in 1998.
Thomas Rabe, Chairman and CEO of Bertelsmann, comments: The acquisition of Relias Learning is a major step on the way to making the education business a third mainstay of...