Rosetta Stone Buys Up Online Language Learning Community Livemocha For $8.3M In Cash

view story

http://techcrunch.com – Rosetta Stone has just acquired Seattle-based online language-learning community Livemocha for $8.5 million in cash. Livemocha has one of the largest online language-learning communities in the world, boasting over 16 million members from over 195 different countries. Rosetta Stone will likely use Livemocha’s cloud platform to offer its language packages online — they were once only available via disc set, with a complimentary iPad app. Here’s what Rosetta Stone CEO and President Steve Swad had to say about it: We are in the process of transforming Rosetta Stone to be the mo (IT news)