Education News in Brief

K12 Inc. to Create Company With Investment Group

By Michele Molnar — January 14, 2014 1 min read
  • Save to favorites
  • Print

K12 Inc., the largest for-profit provider of online learning, last week announced plans to form a new company with an investor group led by Safanad Limited, a global principal-investment house based in New York and Dubai. The new company intends to focus on the expansion and integration of technology-based learning programs in pre-K through college worldwide.

Under the proposed terms, the investor group would own a majority stake in the new company. K12 would own an initial minority stake in the company greater than 25 percent and would contribute such assets as the International School of Berne, interest in an existing Middle East joint venture currently operating with a Safanad affiliate, United Kingdom businesses that K12 recently launched, and the rights to market K12’s new prekindergarten product, EmbarK12, outside the United States.

K12’s stock price dipped precipitously in October when the company announced it wouldn’t meet enrollment targets.

A version of this article appeared in the January 15, 2014 edition of Education Week as K12 Inc. to Create Company With Investment Group

Events

Jobs Virtual Career Fair for Teachers and K-12 Staff
Find teaching jobs and other jobs in K-12 education at the EdWeek Top School Jobs virtual career fair.
Ed-Tech Policy Webinar Artificial Intelligence in Practice: Building a Roadmap for AI Use in Schools
AI in education: game-changer or classroom chaos? Join our webinar & learn how to navigate this evolving tech responsibly.
Education Webinar Developing and Executing Impactful Research Campaigns to Fuel Your Ed Marketing Strategy 
Develop impactful research campaigns to fuel your marketing. Join the EdWeek Research Center for a webinar with actionable take-aways for companies who sell to K-12 districts.

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Briefly Stated: March 13, 2024
Here's a look at some recent Education Week articles you may have missed.
9 min read
Education Briefly Stated: February 21, 2024
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: February 7, 2024
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: January 31, 2024
Here's a look at some recent Education Week articles you may have missed.
9 min read