Discovery Acquires Espresso Education

Mergers and Acquisitions

Discovery Acquires Espresso Education

Nov 8, 2013

ESPRESSO EDUCATION: Acquired by Discovery Communications for undisclosed terms; Financial Times sources speculate the deal to be valued between £15m and £20m. Founded in 1997, London-based Espresso Education delivers a range of multimedia learning content to nearly 11,500 schools, including "nearly 50 percent of primary schools in the U.K." This is Discovery's first international acquisition. Discovery's education division, which is aggressively making inroads in the education market with its digital "Techbooks," will oversee Espesso Education's operations.

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