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Acquisition of Toronto animation studio marks continued focus by Scholastic Corp. on its entertainment division
Scholastic Corp. (SCHL), a children's publishing, education and media company, Tuesday announced that it has signed a definitive agreement to acquire 9 Story Media Group for $186 million.
Scholastic is making a $186 million investment in 9 Story Media Group, the children's entertainment company behind several popular animated series.
(Bloomberg) — The stock market managed to rebound after the latest inflation figures did little to alter bets the Federal Reserve will cut rates this year — even if it keeps a more cautious stance for now. Following a series of twists and turns, equities pushed decidedly higher. Notwithstanding the fact that the consumer price…