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Bertelsmann Nears Investment In Hotchalk: Sources


Ron Burgundy
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German media group Bertelsmann CEO Rabe addresses annual news conference in BerlinBertelsmann 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.




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