NEW YORK, April 26, 2011: Pearson, the world's leading learning company, today announced that it would acquire Schoolnet for $230 million in cash. Schoolnet is an innovative and quickly-growing education technology company that brings together assessment, curriculum, and other services to help individualize instruction for students and improve teacher effectiveness.
A Morgan Lewis team advised Pearson on the transaction. Business and Finance partner Robert Dickey led the team and was assisted by Antitrust partner Harry Robins, Business and Finance partner Judith Walkoff, Employee Benefits and Executive Compensation partners Craig Bitman and Gary Rothstein, Intellectual Property partner Ron Dreben, Tax partner Richard Zarin, and associates Danielle Davis, Thomas Hogan, Nisha Jain, Andrew Milano, Shawmir Naeem, Gene Park, and Anna Tomczyk.
For more information about the deal, please see Pearson's press release.