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Brazil's Cogna and TIM partner to create company focused on cell phone education

Brazil's Cogna and TIM partner to create company focused on cell phone education
riotimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from riotimesonline.com Daily Mail and Mail on Sunday newspapers.

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Vasta announces appointment of new CFO and investor relations officer

Vasta announces appointment of new CFO and investor relations officer
wallstreet-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wallstreet-online.de Daily Mail and Mail on Sunday newspapers.

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Vasta to acquire Editora Eleva

Company”) (NASDAQ: VSTA) today announced the execution by its subsidiary, Somos Sistemas de Ensino S.A. (“
Somos Sistemas”), of a Sale and Purchase Agreement to acquire (the “
Acquisition”), subject to certain conditions precedent, Editora Eleva S.A. (“
Editora Eleva”), a K-12 education platform provider, from Eleva Educação S.A. (“
Eleva”). As consideration for the Acquisition, Vasta will pay a purchase price amounting to R$ 580 million, subject to certain price adjustments, in installments over a 5-year period (each installment adjusted by the positive variation of the CDI index), which corresponds to a multiple of 16.6x the EBITDA of Editora Eleva for the year ended on December 31, 2020. ....

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Softbank leads $83 mln investment in Brazil education startup Descomplica

Softbank leads $83 mln investment in Brazil education startup Descomplica
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Softbank leads $83 mln investment in Brazil education startup Descomplica

By Reuters Staff
2 Min Read
SAO PAULO, Feb 18 (Reuters) - A group of investors led by Softbank Group has invested 450 million reais ($83 million) in Brazilian test-prep startup Descomplica, which has seen demand for its online learning services surge in the pandemic, the company said on Thursday.
Descomplica said it would use the funds to make acquisitions and develop new products, including 33 new courses by next year.
“We want to create the biggest university in Brazil, quickly reaching 1 million students with a 100% digital model,” said Marco Fisbhen, Descomplica’s founder and chief executive.
Brazil’s biggest education group, Cogna Educação SA , had just under 820,000 students enrolled in its Kroton higher education division at the end of September, according to quarterly earnings. ....

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