Business Services Industry

Thomson Corp. to buy Scottsdale, Ariz.-based KnowledgeNet online learning firm.

Knight Ridder/Tribune Business News, August, 2004

By John Yantis, The Tribune, Mesa, Ariz. Knight Ridder/Tribune Business News

Aug. 28--The Thomson Corp. plans to buy north Scottsdale-based KnowledgeNet, a privately held company that employs about 250 and provides live online learning programs.

The amount of the deal was not disclosed, and a company spokesman said he could not comment on the sale or the future of employees until the federal government does a standard antitrust review of the purchase. The deal is expected to be completed by the end of the year. Thomson is based in Toronto and has its U.S. headquarters in Stamford, Conn. The company said it will merge KnowledgeNet with its enterprise learning business, Thomson NETg.

"Thomson NETg and KnowledgeNet are a perfect fit,"...

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