Seeking Alpha

K12 completes sale of businesses

  • K12 (LRN) announces it completed the sale of several of its businesses to Safanad Education Ventures.
  • The sold operations include K12's post-secondary business, the company's interest in a Middle East JV, and an international brick and mortar school.
  • K12 founder Ronald Packard has resigned from the board at K12 to run the business.
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