Scholastic, the global children's publishing, education and media company, completed the acquisition of 9 Story Media Group, an independent creator, producer and distributor of premium children's content, for $186m. "We are thrilled to add 9 Story's industry-leading children's content production, distribution and licensing capabilities, extensive content library, and highly talented team to Scholastic's portfolio. Together, we can leverage our combined scale to grow Scholastic's children's franchises, drive book sales and create new opportunities to introduce millions of children to our stories. I'm confident that our shared mission and collective expertise will spark innovation and creativity across the entire IP life cycle, supporting our 360-degree content creation strategy and our opportunity to meet the strong demand for high-quality kids and family entertainment," Peter Warwick, Scholastic President and CEO.