Harcourt Education Goes Up for Sale; Finished 2006 With 1% Revenue Growth but Operating Loss

February 2007
Educational Marketer;2/19/2007, Vol. 38 Issue 4, p1
Trade Publication
The article reports on the selling of Hardcourt Education by Reed Elsevier in Orlando, Florida. Crispin Davis, Reed Elsevier chief executive officer (CEO), expects that the long-term growth of the company will be fortified if they sell Hardcourt since the education market is moving online at a slower pace than other businesses. The Hardcourt Education sale could be worth $1.6 billion to $2 billion and is expected to be closed in the second half of 2007.


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