News Corp is acquiring 90% of Brooklyn-based education technology company Wireless Generation for $360 million. Among other educational services it provides, Wireless Generation builds data systems that centralize student information. It will become a subsidiary of News Corp. In announcing the acquisition, Murdoch said, “When it comes to K through 12 education, we see a $500 billion sector in the U.S. alone that is waiting desperately to be transformed by big breakthroughs.”
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