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Digital learning provider Discovery Education today announced it has entered into a definitive agreement to be acquired by an affiliate of Clearlake Capital Group, which will become the majority shareholder upon completion of the deal, with Francisco Partners retaining a minority equity stake. The deal is expected to help Discovery Education accelerated growth and deliver more educational content to more classrooms.

Scott kinneyBehdad eghbaliJames padeKristal kuykendallMedia education groupClearlake capital groupAcquire discoveryInvestment aimsAccelerate growthDiscovery educationDigital learningFrancisco partnersManaging partner behdad eghbaliManaging director james padeEducation technologyIscovery education to be acquired by clearlake capital