the-people

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Bertelsmann SE & Co KGaA, Europe's largest media group, is close to acquiring a minority stake in learning technology firm HotChalk, according to people familiar with the matter, as the educational technology sector continues to grow. Bertelsmann is leading a funding round that could value the Campbell, California-based company at $600 million to $800 million, the people said this week. Bertelsmann may use one of its subsidiaries for the investment, which is still under negotiation, the people added.

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The negotiations with Suddenlink are more advanced and a transaction could be announced later this week, the people said. Time Warner Cable has a market capitalization of $44.5 billion. Since Time Warner Cable's merger with Comcast fell apart last month, Time Warner Cable is also being circled by small rival Charter Communications.