M&A Deal Summary

Scholastic Acquires Tom Snyder Productions

On December 21, 2001, Scholastic acquired software company Tom Snyder Productions from Torstar for 9M USD

Acquisition Highlights
  • This is Scholastic’s 1st transaction in the Software sector.
  • This is Scholastic’s 3rd largest (disclosed) transaction.
  • This is Scholastic’s 5th transaction in the United States.
  • This is Scholastic’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2001-12-21
Target Tom Snyder Productions
Sector Software
Buyer(s) Scholastic
Sellers(s) Torstar
Deal Type Divestiture
Deal Value 9M USD

Target

Tom Snyder Productions

Watertown, Massachusetts, United States
Tom Snyder Productions, Inc. is a developer and publisher of award-winning educational software in social studies, science, mathematics and language arts. Through its highly acclaimed brand and well-developed distribution channels, the company has established itself as a provider in the K-12 education market, and its software is used in thousands of classrooms throughout the country.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Scholastic

New York, New York, United States
Category Company
Founded 1920
Sector Publishing
Employees4,770
Revenue 1.6B USD (2024)
DESCRIPTION

Scholastic is a publisher and distributor of children's books and a leader in educational technology and related services and children's media. Scholastic creates quality books and ebooks, print and technology-based learning materials and programs, magazines, multi-media and other products that help children learn both at school and at home. Scholastic was founded in 1920 and is based in New York City.

DEAL STATS #
Overall 6 of 12
Sector (Software) 1 of 1
Type (Divestiture) 2 of 3
State (Massachusetts) 2 of 2
Country (United States) 5 of 10
Year (2001) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-26 Soup2Nuts

Watertown,, Massachusetts, United States

Soup2Nuts, Inc. is a digital animation studio dedicated to the production of comedy-driven animated series, shorts and branding. Best known for smart humor, and unique animated styles, Soup2Nuts has created animated programming for major television and cable networks for more than fifteen years.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-05 Klutz

Palo Alto, California, United States

Klutz, Inc. is engages in the publishing and distributing activity products for kids in the United States.

Buy -

Seller(S) 1

SELLER

Torstar

Toronto, Ontario, Canada
Category Company
Founded 1892
Sector Publishing
Revenue 543M CAD (2018)
DESCRIPTION

Torstar Corp. is a broadly-based media company that publishes a daily newspaper, six regional daily newspapers in Ontario including The Hamilton Spectator, and more than 70 weekly community newspapers in Ontario; flyer distribution services: and digital properties including thestar.com (with local editions in Toronto, Vancouver, Calgary, Edmonton, Winnipeg, Ottawa, and Halifax), wheels.ca, toronto.com, save.ca, a number of regional online sites and eyeReturn Marketing. Torstar Corp. was established in 1892 and is headquartered in Toronto, Ontario.

DEAL STATS #
Overall 3 of 4
Sector (Software) 1 of 1
Type (Divestiture) 3 of 4
State (Massachusetts) 1 of 1
Country (United States) 3 of 3
Year (2001) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-08 Delta Education

Nashua, New Hampshire, United States

Delta Education LLC is a developer and supplier of hands-on science and math manipulatives, reading programs and related curriculum products for Pre-K to 9th grade.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-13 Eyereturn Marketing

Toronto, Ontario, Canada

Eyereturn Marketing, Inc. provides unified campaign control, empowering brands through consolidated attribution-based results in a single dashboard. Breaking free from walled gardens, Eyereturn has done away with layers of intermediaries, providing actionable data and insights across search, social, and display campaigns. Eyereturn Marketing is based in Ontario, Toronto.

Buy -
Mergr

Product

Company

Legal