Brief: John Wiley & Sons Inc Entered Into A Membership Interest And Asset Purchase Agreement

John Wiley & Sons

14/11/2023 13:23

Nov 14 (Reuters) - John Wiley & Sons Inc  WLY.N :
    * JOHN WILEY & SONS INC -  ON NOV 13, ENTERED INTO A
MEMBERSHIP
INTEREST AND ASSET PURCHASE AGREEMENT WITH ACADEMIC PARTNERSHIPS
AND UPPER HOLDINGS
    * JOHN WILEY & SONS INC - AGREED TO SELL ITS UNIVERSITY
SERVICES
BUSINESS TO ACADEMIC PARTNERSHIPS
    * JOHN WILEY & SONS - DEAL PRICE TO CONSIST OF $110 MILLION,
UP TO
$40 MILLION IN FORM OF EARNOUT AND 10% OF COMMON UNITS OF
TVG-ACADEMIC PARTNERSHIPS HOLDINGS

Further company coverage:  WLY.N 

 ((Reuters.Briefs@thomsonreuters.com;))