Hobsons Buys Social Network for MBA Applicants

Hobsons on Tuesday announced its purchase of Beat the GMAT, a large social network of applicants to M.B.A. programs. Hobsons already owns College Confidential, a large social network for undergraduate applicants. But the company has been expanding its work in the professional admissions space through such measures as Tuesday's acquisition and last year's purchase of Intelliworks.