Berlin-based educational video platform sofatutor launched a new product line that will be available at Thalia bookstores across Germany. According to founder and CEO Stephan Bayer, sofatutor aims to reach new audiences at a location where they are already looking for educational content.
Pearson agreed to sell its 50% stake in the Economist Group for £469 million in cash. EXOR S.p.A. will purchase 27.8% of the shares, the rest will be repurchased by The Economist Group. The transaction is expected to close during the fourth quarter of 2015.
Two weeks after sending out a notice to its users announcing the platform has to shut down due to unsustainable running costs for the service, Zondle has found an anonymous donor who will support the transition to a paid, subscription-based model.