China’s NetDragon to Acquire Edmodo for $137.5 Million | EdSurge News

China’s NetDragon has gobbled up another education technology company. This time, it’s Edmodo, one the largest online social communities of teachers ...

“Edmodo struggled, however, to find a business model that would support its burgeoning community. It raised close to $100 million in funding, and began seeking another round last year. The company had shifted to an advertising-based model—although one in which the company was trying to move carefully and respect its audience of teachers...