We're talking about a world where the digital revolution that's hit the rest of the world now gets to take off in education too. We aren't talking about an adult-less or teacher-less world, but a world where the technological advances that have swept the globe start to take over education. And a lot of people, including in the private equity world, are starting to think about that.
Why is News Corp buying [Wireless Generation]? Murdoch says it’s because education in the U.S. is a $500 billion sector “waiting desperately to be transformed by big breakthroughs that extend the reach of great teaching” and Wireless Generation is at the “forefront” of individualized, tech-based learning.