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The group has bought a 90pc stake in the US company, which develops a range of mobile and internet-based software, professional services and data systems for 200,000 teachers to assess the progress of 3m students across the US. News Corp said the company, which currently has 400 employees, focuses on the "K [kindergarten] to 12 age group".
"We see a $500bn sector in the US alone that is waiting desperately to be transformed by big breakthroughs that extend the reach of great teaching," said Rupert Murdoch, chairman and chief executive of News Corp.