Apollo Buys Company Known for Remedial Ed Tools
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The Apollo Group, the parent company of the University of Phoenix, on Tuesday announced that it was purchasing Carnegie Learning, which has created adaptive learning tools that have been particularly successful in teaching remedial mathematics. The company is a spinoff of research conducted at Carnegie Mellon University. Apollo will pay $75 million to buy the company and another $21 million to Carnegie Mellon for related technology rights that it still owns.