Bertelsmann moves into university businessReuters.
Europe’s largest media group has made education its top investment priority. It has vowed to achieve €1 billion (US$1.12 billion) in revenue from a global market that advisory firm GSV has estimated will be worth US$5.5 trillion this year and US$6.4 trillion by 2017.
The purchase will give Bertelsmann access to the university’s data and research, the company said, adding that it expects to seal similar deals in the future. “Over the next few years, we will build a network of universities that deliver innovative education programmes in various fields of the health and human sciences,” Bertelsmann’s Chief Executive Thomas Rabe said.
Full report on the euronews site