Reader’s Digest is in bankruptcy. Marlin Equity Partners has placed a stalking horse bid of $20.2 million, or $43.1 million if liabilities are included. Of course, CompassLearning has struggled financially, and Reader’s Digest considers it a non-core asset.
I don’t know if anyone uses CompassLearning materials in my school. I don’t think we do. But what do you think… is this price too low? Or too high?