Phil Hill weighs in with two posts (first, second) on the Anthology bankruptcy. Anthology will be recalled as the company that bought Blackboard and took it private. "The key turn," writes Hill, is that "distressed-debt investors Nexus and Oaktree bought heavily into Anthology's loans and effectively took over the process." He says it "validates what we've been tracking all year: the debt story mattered more than the roadmap story." The second story tracks the earnings and debts of major learning platform companies that operate in the North American higher education market.
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