Baltimore-based Laureate Education to sell off South American universities, Walden University

Baltimore-based Laureate Education Inc. is selling off much of its higher education network in Latin America with the planned sale of universities in Brazil, and also is exiting the U.S. market with a sale of Walden University.



a man wearing glasses and a suit and tie: Baltimore, MD-11/14/17 - Eilif Serck-Hanssen is president and CEO of Laureate Education Inc.


© Amy Davis / Baltimore Sun/The Baltimore Sun/TNS
Baltimore, MD-11/14/17 – Eilif Serck-Hanssen is president and CEO of Laureate Education Inc.

The international higher education company said Sunday it has agreed to sell its Brazilian operations to Ser Educacional S.A., a Brazil-based network of educational institutions, in a deal valued at $724 million at the current exchange rate and share value.

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In addition, the company announced Friday it plans to sell Walden University, an online college considered a pioneer in distance learning that offers doctoral, master’s, bachelor’s and graduate certificate programs. Laureate plans to sell Walden, its only U.S. business, to Adtalem Global Education Inc. for $1.5 billion in cash.

It

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ViacomCBS Reaches Deal to Sell CNET for $500 Million to Marketing Firm Red Ventures

ViacomCBS is offloading CNET Media Group in a $500 million deal with digital-marketing company Red Ventures, which announced the deal Monday.

Under the deal, CNET Media Group EVP and GM Mark Larkin, along with the unit’s senior execs, will remain with Red Ventures following the acquisition. The CNET sale is expected to close in the fourth quarter of 2020. CNET Media Group has 980 employees and “our plan is to grow CNET in ways unforeseen,” a Red Ventures rep told Variety. She declined to address whether the company anticipates any layoffs following the deal close, saying that “right now we’re focusing on how we grow.”

CBS acquired CNET Networks in 2008 for $1.8 billion. In addition to the flagship CNET consumer-tech site, the CNET Media Group also houses brands including GameSpot, the Metacritic reviews-aggregation site, TVGuide.com, Chowhound, Roadshow, and B2B tech site ZDNet.

“I believe that the combination of

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Laureate Education to Sell Walden University to Adtalem Global Education

BALTIMORE, Sept. 11, 2020 /PRNewswire/ — Laureate Education, Inc. (NASDAQ: LAUR) today announced that it has entered into a definitive agreement under which it will sell Walden University to Adtalem Global Education Inc. (NYSE: ATGE).  

Walden University is a regionally accredited higher education institution in the United States offering online doctoral, master’s, bachelor’s, and graduate certificate programs.

Adtalem Global Education is a leading workforce solutions provider and the parent organization of Chamberlain University, Ross University School of Medicine, and Ross University School of Veterinary Medicine, American University of the Caribbean School of Medicine, Association of Certified Anti-Money Laundering Specialists, Becker Professional Education, EduPristine, and OnCourse Learning.

President and Chief Executive Officer of Laureate, Eilif Serck-Hanssen, said, “Walden University was a pioneer in distance education, and today – 50 years later – it remains a leader in digital learning in higher education. We are incredibly proud of Walden’s

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