German Conglomerate Buys OnCourse Learning in Reported $500M Deal | Enterpreneurship
Bertelsmann, a large media and publishing conglomerate headquartered in Germany, said Monday that it has acquired OnCourse Learning, a Brookfield, WI-based provider of online professional training programs.
Bertelsmann said Monday in a news release that the amount it’s acquiring OnCouse for is in the “mid-nine-digit euro range,” meaning roughly halfway between €100 million and €1 billion. According to a Reuters report, the deal is worth about $500 million (the equivalent of nearly €428 million, using current exchange rates).
Bertelsmann said it expects the deal, which still needs to be approved by U.S. regulators, to close this fall.
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