Acquisition By Apollo Group
On August 2, 2011, The Apollo Group announce their intent to acquire Carnegie Learning for $75 million.The Apollo Group also acquired related technology from Carnegie Mellon University for $21.5 million paid over a period of ten years. The transaction was completed in September of 2011.
Carnegie Learning retained its name and its offices in the Frick Building in Pittsburgh. It was reported that Carnegie Learning's work force, 105 employees at the time of the deal, would expand under Apollo.
Read more about this topic: Carnegie Learning
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