Edtech Business

China Distance Education Acquires Xiamen NetinNet for $32.6M

Mar 29, 2016

CHINA DISTANCE EDUCATION HOLDINGS LIMITED signed an agreement on March 23 to acquire an 80 percent equity interest in Xiamen NetinNet for $32.6 million, according to Street Insider. NetinNet makes accounting instruction software for Chinese universities. The transaction is all-cash and still subject to closing conditions.

China Distance Education Acquires Xiamen NetinNet for $32.6M

Edtech Business

China Distance Education Acquires Xiamen NetinNet for $32.6M

Mar 29, 2016

CHINA DISTANCE EDUCATION HOLDINGS LIMITED signed an agreement on March 23 to acquire an 80 percent equity interest in Xiamen NetinNet for $32.6 million, according to Street Insider. NetinNet makes accounting instruction software for Chinese universities. The transaction is all-cash and still subject to closing conditions.

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