Friday, August 4, 2017

Student Brands Acquired By Barnes & Noble For $58.5M

Los Angeles-based Student Brands, an online education company which runs such online study sites as 123HelpMe.com, Bartleby.com, StudyMode.com, as well as a number of other brands, has been acquired by Barnes & Noble Education in a deal worth $58.5M in cash. Student Brands, which was led by CEO Thomas Swalla, also runs TrabalhosFeitos.com, Etudier.com and Monografias.com in Brazil, France and Mexico. Barnes & Noble Education said that it expects Student Brands to contribute over $10M in EBITDA to its operations over the next twelve months.

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