M&A Deal Summary

Learneo Acquires Barnes & Noble Education - Digital Student Solutions

On May 31, 2023, Learneo acquired education company Barnes & Noble Education - Digital Student Solutions from BNED for 20M USD

Acquisition Highlights
  • This is Learneo’s 1st transaction in the Education sector.
  • This is Learneo’s largest (disclosed) transaction.
  • This is Learneo’s 1st transaction in the United States.
  • This is Learneo’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-05-31
Target Barnes & Noble Education - Digital Student Solutions
Sector Education
Buyer(s) Learneo
Sellers(s) BNED
Deal Type Divestiture
Deal Value 20M USD

Target

Barnes & Noble Education - Digital Student Solutions

Basking Ridge, New Jersey, United States
Barnes & Noble Education's Digital Student Solutions provides quality educational content.

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Buyer(S) 1

Buyer

Learneo

Redwood City, California, United States

website

Category Company
Founded 2004
Sector Software
DESCRIPTION

Learneo is a platform for productivity and learning businesses. The platform of businesses includes CliffsNotes, the original and iconic study guide company; Course Hero, an online learning platform of academic resources; LitCharts, a creator of literature resources; QuillBot, an AI-powered writing companion; Scribbr, a multilingual academic proofreading service, and Symbolab, an AI-based mathematics resource. Learneo was founded in 2004 and is based in Redwood City, California.

DEAL STATS #
Overall 2 of 2
Sector (Education) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2023) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-05 LanguageTool

Potsdam, Germany

LanguageTool is more than your average spell checker. LanguageTool is a multilingual writing platform for more than 30 other languages and easily integrates with all common browsers, word processors, Windows, macOS, and iOS. LanguageTool was founded in 2017 and is based in Potsdam, Germany.

Buy -

Seller(S) 1

SELLER

BNED

Basking Ridge, New Jersey, United States

website

Category Company
Founded 1965
Sector Retail
Employees3,000
Revenue 1.5B USD (2022)
DESCRIPTION

BNED is a retailer of educational content and tools to enhances the academic and social purpose of educational institutions. Barnes & Noble Education was incorporated in 1965 and is based in Basking Ridge, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-22 PaperRater

Cincinnati, Ohio, United States

PaperRater is an online website that offers students a suite of writing services that includes a plagiarism checker, writing revision tools and an AI-based auto-grading scoring system to help them improve multiple facets of their writing.

Buy -
Mergr

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