MOUNTAIN VIEW, Calif., April 18 (UPI) — Venture capitalists will put $16 million into an interactive online learning system developed by two California scientists, their company announced Wednesday. Coursera said its funding will come from two premier Silicon Valley firms, Kleiner Perkins, Caulfield & Byers and New Enterprise Associates. In addition to the funding, the …
Barnes & Noble Inc. and Microsoft Corp. are teaming up to create a new Barnes & Noble subsidiary that will house the digital and college businesses of the bookseller and include a Nook application for Windows 8. The companies said Monday that they are exploring separating those businesses entirely. That could mean a stock offering, sale, or other deal could happen.
On April 18, 2012, Standard & Poor’s Ratings Services assigned its ‘B+’ issue level rating (one notch higher than the corporate credit rating) to Washington, D.C.-based Blackboard Inc.’s proposed $60 million incremental term loan with a recovery rating of ‘2’,indicating substantial (70%-90%) recovery of principal in the event of a payment default.
Instructure raises $8 million in Series B funding