New U.K. Edtech Entity To Spend Up To $77M Acquiring European E-Learning Firms Over Next 18 Months To Build Regional Giant

Expect a swathe of consolidation in the European e-learning sector in the coming months. Edxus Group, a new London-based corporate operating edtech company, is planning to plough in ?50-60 million ($64-$77m) over the next 18 months to develop and acquire European e-learning businesses and build out a single regional player with the scale to compete against U.S. edtech giants, it said today.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/NYVXf6Z3ULQ/

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