News Corp sells digital education brand Amplify

(Reuters) – News Corp said it sold its digital education brand, Amplify, to a management team supported by a group of private investors following slowing growth in the digital curriculum market. News Corp said in August that it was reviewing strategic options for Amplify and that it was in the final phase of talks with a potential acquirer for the business. Larry Berger, chief executive of Amplify Learning division, will lead the new company, according to an internal memo seen by Reuters.

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