Readers’ Digest selling CompassLearning

In yesterday’s Wall Street Journal, Marie Beaudette reported that Reader’s Digest is selling its learning and educational materials unit, CompassLearning.com

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?

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