The cuts represent about 500 of the unit’s 1,200 employees. Today Amplify has new owners.
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News Corp said Wednesday that it had sold its money-losing Amplify education businesses to members of its management team supported by a group of private investors. Berger had presided over the company’s push to create a digital curriculum. The deal is effective immediately. Amplify executive Larry Berger replaces him as CEO. News Corp. said last month it was in the final phase of talks to sell the division after investing $1 billion in the digital education project. Wireless became one of the foundational elements for Amplify. “All who have been involved in the Amplify business at News Corp should be conscious of their contribution to education in the U.S. and beyond”. “I am proud of the technology we’ve invented, the educational innovations we’ve pioneered, and the results we’ve delivered-and most importantly, of the team we’ve assembled”. Financial terms of the transaction were not disclosed. Amplify had been selling a digital curriculum and handheld tablet computers for schools, as well as testing software.
