4 March 2021
Daily Mail and General Trust plc (DMGT)
Completion of disposal of Hobsons
DMGT announces the completion of the sale of Hobsons, its EdTech business, in two separate transactions, for total proceeds of approximately US$410m. This follows the announcement on 18 February 2021 of the agreements to sell Hobsons' Naviance and Intersect businesses to US-based PowerSchool and to sell Hobsons' Starfish business to US-based EAB.
Enquiries
|
Investors:
|
|
|
Tim Collier, Group CFO
|
+44 20 3615 2902
|
|
Adam Webster, Head of Investor Relations
|
+44 20 3615 2903
|
|
|
|
|
Media:
Doug Campbell, Teneo
|
+44 7753 136628
|
|
Paul Durman, Teneo
|
+44 7793 522824
|
About DMGT
DMGT manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. The Group takes a long-term approach to investment and has market-leading positions in consumer media, insurance risk, property information and events & exhibitions. In total, DMGT generates revenues of around £1.1bn.
.