Washington Post Co. Subsidiary Buys Tribeca Learning for $42.3M

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By: Educational services provider Kaplan Inc., which is owned by Washington Post Co., said Wednesday it completed its acquisition of Australia-based Tribeca Learning Ltd. for about $56 million Australian ($42.3 million).

Tribeca's Chief Executive Adam Davis will continue in that position under Kaplan's ownership.


Shareholders approved the transaction on May 5.

Shares of the Washington Post gained 8 cents to $786.43 in morning trading on the New York Stock Exchange.

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