UPDATE 1-Scholastic to sell EdTech business to Houghton Mifflin

April 24, 2015 11:58 AM

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April 24 (Reuters) - Scholastic Corp said it would sell its educational technology and services business to publisher Houghton Mifflin Harcourt Co for $575 million in cash, as it focuses on its core children's book publishing business.

Scholastic, publisher of the "Harry Potter" series in the United States, has also benefited from the popularity of Minecraft Handbook series and cartoonist Raina Telgemeier's titles "Sisters", "Drama" and "Smile".

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