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Latham & Watkins Advises IXL Learning on Acquisition of Rosetta Stone's Languages Division

February 5, 2021
A multidisciplinary, cross-border team advised the personalized learning platform on the transaction.

Cambium Learning Group (Cambium), a leading provider of digital education solutions and a portfolio company of Veritas Capital, has announced that it has entered into a definitive agreement to divest Rosetta Stone’s Languages division to IXL Learning, the K-12 personalized learning platform used by 11 million students.

Latham & Watkins advised IXL Learning in the transaction with a corporate deal team led by Boston partner Evan Smith, with Boston associates Laki Triantafylidis, Jeffrey Bashara, and Michael Casagrande. Advice was also provided on intellectual property matters by Boston partner Sarah Gagan and Washington, D.C. counsel Kieran Dickinson, with New York associate Pelin Serpin, Boston associate Deborah Hinck, and New York associate David Suh; on data privacy matters by London partner Fiona Maclean and Washington, D.C. counsel Marissa Boynton, with Washington, D.C. associate James Smith and London associate Lucy Tucker; on tax matters by Chicago partner Rene de Vera; on labor and employment matters by Chicago counsel Nineveh Alkhas, with Chicago associate Laura Waller; on benefits and compensation matters by New York partner Austin Ozawa, London partner Catherine Drinnan, and Chicago counsel Sandhya Chandrasekhar, with New York associate Max Raskin and London associate Patrick Ritchie; on debt matters by Los Angeles partner Kenneth Askin, with Los Angeles associates Samantha Chen and Gina Han; on insurance matters by Los Angeles partner Drew Levin, with San Diego associates Hannah Cary and Nathaniel Amann; on export control and sanctions matters by Washington, D.C. associates Elizabeth Annis and Jessie Michelin; on antitrust matters by Washington, D.C. partner Mandy Reeves and Washington, D.C. counsel Patrick English; and on foreign direct investment matters by Brussels partner Hector Armengod, with Brussels associate Sebastian Sohn.