Elsevier In Advanced Talks To Buy Mendeley For Around $100M To Beef Up In Social, Open Source Education Content

The world of ed-tech is ramping up another notch, and getting a lot more open in the process: educational publishing giant Elsevier is in advanced talks to buy?Mendeley, a London/New York-based provider of a platform for academics to share research and collaborate with each other via a social network. TechCrunch understands from sources close to the companies that the deal is underway and should close this quarter, possibly by the end of February -- all things being equal -- and will be in the region of $100 million. The news comes at a pretty busy time for Mendeley: it has also closed a recent round of funding -- value undisclosed but thought to be under $10 million -- with investors including?Access Industries,?Passion Capital, Tom Glocer (Ex-CEO Thomson Reuters), and UK-based Andurance Ventures.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/AD86I5NmlnI/

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