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McGraw-Hill, Pearson invest in e-textbook developer

The Wall Street Journal and New York Times reported that textbook publishers McGraw-Hill and Pearson have invested in Inkling, the San Francisco-based e-textbook developer.

From The Wall Street Journal story:

Inkling declined to disclose the specific amounts McGraw-Hill and Pearson invested or the total funding it has raised so far. The start-up’s current investors– Sequoia Capital, Felicis Ventures, Kapor Capital, and Sherpalo Ventures–also took part in the financing.

EARLIER: A roundup of e-textbook developments and forecasts, and a student’s two cents on the shift in the industry.

EVEN EARLIER: The Wall Street Journal reported the publishing powerhouses were going to expand their e-textbook offerings.