Wednesday, November 24, 2010

Wireless Generation – stake for $360 mn

”News Corp moves into education sector with $360m purchase of Wireless Generation”
Rupert Murdoch’s News Corp. (NWS) just purchased Wireless Generation for $360 million. Technically it’s $360 million for 90% of the company, but either way it’s a lot of money.

When a company in your general space gets bought for a huge amount by an unnatural acquirer, it merits some attention. But before I go on, I want to congratulate the Wireless Generation team on the acquisition.
The group

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