High Point Enterprise cites NYT article reporting the ‘inglorious end’ to Amplify, provider of tablets for Guilford County Schools, middle schoolers, leaving GCS’ middle schoolers “partially dependent on a product that is supported by a company division that eventually will be shut down, and that is only guaranteed support until the company is sold.”
Amplify’s parent company, News Corp., is taking a “write down” on the company, meaning the asset has lost considerable value but possibly can still be sold. According to the NYT, News Corporation chief executive Robert Thomson said the company was in an “advanced stage of negotiations” with a potential buyer for the remaining education business.
