Riverdeep videos and info

Diemazz

Fushimi Station (Aichi)
IstoÄ
Plaza
Chai Songyue
Jyu (trigraph)
File:Cyclone Catarina from the ISS on March 26 2004 JPG
Liangdang County
Beijing National Stadium
alex van halen drum kit
T shirt
Category:Prix de Rome for sculpture
Mōri Hidenari
Li Zhengji
Shiroishi, Miyagi
Central Asian music
Abbasid
Chambon, Gard
Missouri Key
Category:Taxation in China
shrek the third game
Zaranj
Ōmi Nakashō Station
t244t
As Salamu Alaykum
Rebstein
2008 Istanbul bombings
Xiazhi
Cui Riyong
VH1 Uno
Video gaming in China
The McKenzie Break
Talk:An Shi Rebellion
Marcel Camus
In Style
t608t
Pronaos
Konyaalti
Hamdollah Mostowfi
Keiun
OR4D10
Carmen Lee

Houghton Mifflin Inc.

Type Private

Founded 1995

Headquarters Boston, MA and Dublin, USA, Ireland

Industry CD-ROM software internet

Website [2]

Riverdeep Interactive Learning originally started as a publishing house for educational online and CD-ROM products based in San Francisco and Dublin, Ireland, founded in 1995, Riverdeep is principally the creation of 37-year-old ex-investment banker Barry O'Callaghan. O'Callaghan is Riverdeep's CEO and controlling shareholder.[3]

Riverdeep's growth has been characterized primarily by acquisition, followed by a gradual laying off of staff, and ultimately republishing the best known titles.

In October 2002, Riverdeep became a private entity when their stock price plummeted below $2 in NASDAQ.^[1]

On September 20, 2004, Riverdeep moved its Novato office to 100 Pine Street in San Francisco.

On November 27, 2008, President Jeremy Dickens told the New York Times that the company had $7bn of debt, which cost the company $500m per annum to service. The money to fund the 2006 Houghton Mifflin and 2007 Reed Elsevier acquisitions was borrowed, and in retrospect Education Media and Publishing Group (Riverdeep) probably overpaid for both companies. ^[2]

1 Houghton Mifflin
2 Reed Elsevier
3 References
4 External links

Houghton Mifflin

On December 22, 2006, it was announced that Riverdeep PLC had completed its acquisition of Houghton Mifflin. The new joint enterprise would be called the Houghton Mifflin Riverdeep Group. Riverdeep paid 1.75 billion in cash and assumed $1.61 billion in debt from the private investment firms Thomas H. Lee Partners, Bain Capital Partners and The Blackstone Group. ^[3] Tony Lucki, a former non-executive director of Riverdeep, will remain in his position as Houghton Mifflin's chief executive officer. HM Rivergroup indicated it wanted to capitalize on the "convergence of print and digital education platforms."

In November 2008 Houghton Mifflin Harcourt Publishing announced it would be freezing acquisitions of new trade and reference books for an indefinite period, a virtually unheard-of act by a major publisher that fuelled speculation that the company was up for sale or having problems managing its debts. ^[4]

Reed Elsevier

In July, 2007, Reed Elsevier (an information and publishing group) offloaded Harcourt US Schools Education business to Houghton Mifflin, Inc. for $4.0 billion, with $3.7 billion payable in cash and $0.3 billion payable in common stock of Houghton Mifflin, Inc.^[5]

Houghton Mifflin is privately held. Existing investors put up $23 million of equity financing to help to meet the $3.7 billion cash requirement for the purchase. Reed is also taking a $300 million stake in Houghton Mifflin, Inc., which will leave it with an 11.8 per cent of the common stock in the enlarged company.^[6]

The combined business will be led by Tony Lucki. "Together, we will be better positioned to meet the changing needs of educators and students in a wider range of subjects, states and school districts," Lucki said.^[7]

This positions the now named Houghton Mifflin Harcourt and the main rival to Pearson in the global education publishing market.^[8] If approved, the market will be dominated by three publishers: Pearson PLC <PSON.L>, McGraw-Hill Cos. Inc. <MHP.N> and Houghton Mifflin.