Toronto-based Top Hat said on Thursday it had bought Denver-based Morton Publishing Co., a 44-year-old independent press that publishes more than 600 lab and course materials focused on the sciences.Toronto online education company Tophatmonocle Corp. has made its fourth acquisition of a traditional course-material publisher as it advances its strategy to digitize the textbook business.
Terms were not disclosed, but Top Hat chief executive officer Joe Rohrlich said the price was “in a consistent range with prior acquisitions” by his company.
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