Houghton Mifflin
On December 22, 2006, it was announced that Riverdeep PLC had completed its acquisition of Houghton Mifflin. The new joint enterprise would be called the Houghton Mifflin Riverdeep Group. Riverdeep paid 1.75 billion in cash and assumed $1.61 billion in debt from the private investment firms Thomas H. Lee Partners, Bain Capital Partners and The Blackstone Group. Tony Lucki, a former non-executive director of Riverdeep, would remain in his position as Houghton Mifflin's chief executive officer. HM Rivergroup indicated it wanted to capitalize on the "convergence of print and digital education platforms."
Read more about this topic: Houghton Mifflin Harcourt Learning Technology
Famous quotes by houghton mifflin:
“From the beginning, the placement of [Clarence] Thomas on the high court was seen as a political end justifying almost any means. The full story of his confirmation raises questions not only about who lied and why, but, more important, about what happens when politics becomes total war and the truth—and those who tell it—are merely unfortunate sacrifices on the way to winning.”
—Jane Mayer, U.S. journalist, and Jill Abramson b. 1954, U.S. journalist. Strange Justice, p. 8, Houghton Mifflin (1994)
“It seemed like this was one big Prozac nation, one big mess of malaise. Perhaps the next time half a million people gather for a protest march on the White House green it will not be for abortion rights or gay liberation, but because we’re all so bummed out.”
—Elizabeth Wurtzel, U.S. author. Prozac Nation: Young and Depressed in America, p. 298, Houghton Mifflin (1994)