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April 15, 2014
08:02 EDTJWAJohn Wiley & Sons acquires CrossKnowledge for $175M
John Wiley & Sons announced that it has signed a definitive agreement to acquire CrossKnowledge for $175M in cash. The transaction is expected to close on May 1. CrossKnowledge is a privately-held company based in France. It offers subscription-based, digital learning solutions for multi-national corporations, universities, and small and medium-sized enterprises. CrossKnowledge generated $37M of revenue in its fiscal year ending June 30, 2013.
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