Middlebury College Set to Sell Stake in Digital Language Courses

Mergers and Acquisitions

Middlebury College Set to Sell Stake in Digital Language Courses

Aug 25, 2015

MIDDLEBURY INTERACTIVE: Middlebury College is looking to sell its 40 percent stake in Middlebury Interactive Languages, a K-12 language learning program launched in 2010 as a joint venture with K12 and which is currently used by 200,000 students across the US. The sale, from which the college hopes to receive more than the $5 million it has invested in the project, is expected to close by the end of the year.

Inside Higher Ed suggests Middlebury’s faculty never got entirely comfortable working with a K12, a for-profit, online schooling provider that has been scrutinized for delivering poor student outcomes. In its press release announcing the sale, the college stated that “Going forward, MIL will be able to chart its own strategic course without having to balance the different priorities of two owners.”

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