Netflix CEO Hastings Buys E-Learning Provider Dreambox
-
Comments (View)
- Text Size: A A
-
Email
-
Share
When he’s not thinking about managing DVD distribution deals with movie studios, Netflix (NSDQ: NFLX) CEO Reed Hastings is thinking about math. Operating outside of his Netflix role, Hastings has acquired DreamBox Learning, which bills itself as an e-learning company. The acquisition was made in a partnership between Hastings and The Charter (NSDQ: CHTR) Fund, and includes a $10 million investment designed to promote the growth of the company across the U.S.
Hastings’ involvement with the e-learning company isn’t as unusual as it sounds. Before becoming CEO of Netflix, Hastings was a math teacher, says the NYT, which first reported the story.
SEE ALSO: Netflix Made $1.7 Million On Sale Of Roku Stake
The Bellevue, Wash.-based company launched in April 2008. Dreambox’s products, which mostly include online games designed to make learning a little more fun, are aimed at elementary schools and home-schooling students. Release
Posted In: Entertainment, Games, Media & Publishing, Kids & Teen Content, Money, M&A & Venture Capital, Mergers & Acquisitions
YouTube Music Videos
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: