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Scholastic Invests $186M in 9 Story Media Group to Enhance Children's Content Portfolio

Author: Benzinga Newsdesk | March 12, 2024 07:32am

Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced it has signed a definitive agreement to invest in 9 Story Media Group. Through the investment, Scholastic will acquire 100% of the economic interest in and a minority of voting rights in 9 Story Media Group ("9 Story"), a leading independent creator, producer and distributor of premium children's content, for approximately USD $186 million, subject to customary closing adjustments.

Posted In: SCHL


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