Nov 25, 2010

Fox News Owner Buys Education Tech Provider, 3 Million-Student Audience

Wireless Generation, a US education technology company, will become a subsidiary of News Corporation for about $360 million in cash as Rupert Murdoch seeks to expand his company into academia.

The company provides technology solutions for an audience of over 3 million students nation-wide.

On Monday, News Corporation, the parent company of the Fox News Channel, announced it signed an agreement to buy 90 percent of Wireless Generation. The remaining shares will be retained by general manager Larry Berger, who will remain in his post.

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