News Corp acquires Wireless Generation

News Corp. has acquired 90% of Wireless Generation, a privately-held Brooklyn-based education technology company for about $360 million in cash. Upon completion of transaction, Wireless Generation will become a subsidiary of News Corp.

Wireless Generation will be managed by founder and CEO Larry Berger, President and COO Josh Reibel, and Executive Vice President and Chief Product Officer Laurence Holt, who will collectively retain a 10% interest.

USA, Brooklyn, NY

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