Graham Holdings Company announced the completed sale of its Dublin Business School (DBS) for $127.5 million. The divestiture was made through its Kaplan subsidiary to China Chunlai Education Group. This disclosure was part of the company's third-quarter 2026 financial results, which showed a 4% increase in total revenue year-over-year, driven by growth in television broadcasting, healthcare, and manufacturing, while the education division declined.
Key Details
- Divestiture: Kaplan sold all outstanding shares of the entity operating Dublin Business School for a total of $127.5 million.
- Buyer: The acquirer is China Chunlai Education Group Co., Ltd., a provider of private higher education in China.
- Timeline: The agreement was entered into during the third quarter of 2026, and the transaction officially closed on October 27, 2026.
- Q3 Financials: The company reported Q3 2026 revenue of $1.326 billion, up 4% YoY, and operating income of $85.5 million, up from $67.1 million in Q3 2025.