November 30, 2006

Houghton Mifflin accepts $1.8B buyout (AP)

Filed under: software, All p2p networks — Administrator @ 2:25 am

Houghton Mifflin's American Heritage Dictionary is seen in an undated publicity photo. Riverdeep Inc., an Irish educational software publisher, agreed to buy U.S. textbook publisher Houghton Mifflin for about $1.75 billion in cash and the assumption of about $1.61 billion in net debt, the companies said on Wednesday. (Handout/Reuters)AP - Houghton Mifflin Co. on Wednesday agreed to a nearly $1.8 billion buyout that will pair a venerable name in educational textbook publishing with Riverdeep Inc., a smaller firm whose complementary strength is in educational software.


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