Wireless Generation, a US education technology company, will become a subsidiary of News Corporation for about $360 million in cash as Rupert Murdoch seeks to expand his company into academia.
The company provides technology solutions for an audience of over 3 million students nation-wide.
On Monday, News Corporation, the parent company of the Fox News Channel, announced it signed an agreement to buy 90 percent of Wireless Generation. The remaining shares will be retained by general manager Larry Berger, who will remain in his post.
“We see a $500 billion [education] sector in the US alone that is waiting desperately to be transformed by big breakthroughs that extend the reach of great teaching,” Murdoch said in a statement.
“Wireless Generation is at the forefront of individualized, technology-based learning that is poised to revolutionize public education for a new generation of students.”
The Brooklyn based company develops web-based software that allows teachers to track students academic progress and develop curriculum based on students’ individual needs.
Wireless Generation was founded in 2000 and has 400 employees.
“We’re delighted to be joining a company that has a long history of growing entrepreneurial, innovative businesses,” Berger said.
“Rupert believes in the power of digital platforms to reach more people with better information, more swiftly than ever and he understands the transformative effect technology can bring to the process of learning.”
At the Media Institute Awards Dinner on October 6, Murdoch dubbed public schools “failure factories” and called for an overhaul of the US education system.
“The failure rates of our public schools represent a tragic waste of human capital that is making America less competitive,” Murdoch said. “Upward mobility in America is in jeopardy unless we fix our public schools.”
On November 9, New York City Department of Education Chancellor Joel Klein was hired to be a senior adviser to Murdoch. Klein said his job was to “put them in the burgeoning and dynamic education marketplace.”
Trump chief of staff Mark Meadows committed campaign finance crimes: watchdog group
The government ethics watchdog organization Citizens for Responsibility and Ethics in Washington (CREW) filed a complaint on Friday accusing White House chief of staff Mark Meadows of campaign finance crimes for allegedly spending thousands of dollars in campaign funds on personal expenses, including clubs, gourmet cupcakes, a jeweler in Washington and lodging at the president's hotel.
Win or lose — Trump is about to unleash hell
With poll numbers staying put and the odds of a Joe Biden win in Tuesday's election looking good — possibly by a decisive margin — there's mounting dread about how Donald Trump will behave after a defeat. After all, Trump is a sociopathic narcissist with the emotional control of a — well, I won't insult toddlers with the comparison — and he lives in mortal terror of being viewed as a loser. He's already made clear that he will refuses to concede, no matter what, and he's grasping desperately for any way to get legal ballots thrown out so he can steal the election.
GOP senator offended LDS community after likening Trump to a ‘selfless’ Book of Mormon hero: report
Politics and religion are colliding out west after comments a Republican senator made while stumping for the president.
"Sen. Mike Lee drew criticism from members of The Church of Jesus Christ of Latter-day Saints this week after comparing President Donald Trump to Captain Moroni, a heroic and selfless figure in the Book of Mormon," The Arizona Republic reported Friday evening.
"To my Mormon friends, my Latter-day Saint friends, think of him as Captain Moroni," Lee (R-UT) said, pointing to Trump. "He seeks not power, but to pull it down. He seeks not the praise of the world or the ‘fake news,’ but he seeks the well-being and the peace of the American people."