Bertelsmann nears investment in HotChalk: sources


German media group Bertelsmann CEO Rabe addresses annual news conference in Berlin Bertelsmann SE & Co KGaA, Europe’s largest media group, is close to acquiring a minority stake in learning technology firm HotChalk, according to people familiar with the matter, as the educational technology sector continues to grow.

Bertelsmann is leading a funding round that could value the Campbell, California-based company at $600 million to $800 million, the people said this week. Bertelsmann may use one of its subsidiaries for the investment, which is still under negotiation, the people added.

http://www.reuters.com/article/2015/09/04/us-bertelsmann-hotchalk-idUSKCN0R429V20150904