Silver Spring-based Discovery Communications announced Monday it will sell majority stake in Discovery Education Inc. to a California private equity firm for $120 million. Under the deal, Francisco Partners will own Discovery Education while Discovery Communications (NASDAQ: DISCA) retains a minority equity interest. The company will be led by current Discovery Education President and Chief Executive Bill Goodwyn, and will be operated as a standalone business. The sale continues Discovery’s effort…
from https://www.bizjournals.com/baltimore/news/2018/02/27/discovery-to-shededucation-business-for-120m-as-it.html?ana=RSS&s=article_search
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