The acquisition of 70% of the cross-examination education shares, open up online education market

Sohu It text/Mao

As online education is being held up by capital, acquisitions, mergers and other capital operations continue to unfold. Tonight, thy billows shares announced that the company to self-financing 240 million yuan, the acquisition of domestic leading postgraduate education brand-cross examination education 70% equity.
It is understood that cross-examination education is the leading online education brand, the current operating structure is divided into two pieces, one for the focus of the "cross Test", another piece for the O2O platform operation and other vocational education to open up "sharp job."
1, cross-examination part: Postgraduate part, the annual coverage of 300,000 users, 70% users from the line, and 80% User services from the line completed, in-depth service of about 15,000 students (per capita costs 10,000 yuan/year);
2, "The sharp job" part is the standard company to open up the O2O and the exerting force vocational education important plate. At present, the "sharp job" will be with the new network to form synergy, conducive to the future development of vocational education.
Online education acquisitions have been ongoing since the second half of 2014.
August 2014, Baidu took out tens of millions of U.S. dollars wholly-owned acquisition of online education platform "pass the Course network", Baidu Online education business will also merge with the class, and renamed Baidu Biography class.
December 15, claiming to use 1 billion to subvert the new Oriental yy only 120 million acquired the original global education group, now PUI Health Education Group, a professional online education platform. More than the global school income shares, and December 8 yy education with 300 million of the IELTS Master Zheng strong team acquisition.
January 28, 2014 full-pass Education disclosure reorganization plan, through the issuance of shares and pay cash to purchase online education platform Network and XI ' an acquisition of 100% Equity, at the same time raise supporting funds, the entire total transaction is tentatively 1.13 billion yuan, the transaction was announced immediately attract funds sought after.