Deal Snapshot
Daily Mail and General Trust to Sell Hobsons for USD 410m
Monday 22 February 2021

UK-based Daily Mail and General Trust (LSE: DMGT) has agreed the sale of its Hobsons EdTech business in two separate transactions for total proceeds of approximately USD 410m, the group said.

Hobsons' Naviance and Intersect businesses are being sold to US-based PowerSchool, a provider of K-12 education technology solutions, for approximately USD 320m, and are expected to be part of PowerSchool's unified platform. The timing of completion is subject to the customary closing conditions.

Date Published: 22/02/2021