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Riverdeep Inc

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November 30, 2006 | From the Associated Press
Houghton Mifflin Co. on Wednesday agreed to a nearly $1.8-billion buyout that would pair a venerable name in textbook publishing with Riverdeep Inc., a smaller firm whose strength is educational software. By joining Houghton's paper-and-ink business with Riverdeep's software, the newly formed venture hopes to better position itself against larger rivals Pearson, McGraw-Hill Cos. and Harcourt Education.
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