The week in business

A look behind the stories with Róisín Burke

11th October, 2015
Barry O'Callaghan: sold majority stake in Chinese arm of Rise Global. Picture: Tony O'Shea

The deals have become a lot smaller for Barry O’Callaghan, the Irish entrepreneur who used $8 billion in debt to buy and merge two publishers, Houghton Mifflin and Harcourt, during the credit bubble before it was eventually taken over by its lenders.

I’m told that he quietly sold a majority stake in the Chinese arm of his global digital education business, Rise Global, to the private equity group Bain Capital for $140 million, something...

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