John Wiley & Sons, Inc. - WLY STOCK NEWS

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John Wiley & Sons, Inc. (NYSE: WLY) is a globally-renowned provider of academic journals, books, pre- and post-hire assessments, training materials, test preparation resources, and online education program management solutions. Established in 1807, Wiley has been a trusted source of knowledge for over two centuries, playing a pivotal role in the fields of science, technology, medicine, and education. The company boasts a rich heritage, having published works by more than 400 Nobel Laureates across diverse categories including literature, economics, physiology or medicine, physics, chemistry, and peace.

Wiley’s core businesses encompass the publication of scientific, technical, medical, and scholarly journals, encyclopedias, books, and online products and services. Additionally, the company offers professional and trade books, subscription products, training materials, online applications, and educational content for undergraduate and graduate students as well as lifelong learners.

The company is strategically segmented into two primary business units: the Academic segment, which caters to university customers and includes Academic Publishing and University Services, and the Talent segment, which focuses on delivering training, sourcing, and upskilling solutions to corporate clients. Impressively, over 85% of Wiley’s total revenue is derived from digital products and tech-enabled services, underlining the company's adaptability in an increasingly digital world.

Headquartered in Hoboken, New Jersey, Wiley operates globally with significant presences in the U.S., Europe, Asia, Canada, and Australia. The company’s website, accessible at www.wiley.com, provides further insights into its vast array of services and offerings.

In recent news, Academic Partnerships (AP), a company that aids regional public universities in expanding their online programs, has agreed to acquire Wiley University Services. This merger is intended to support over 125 colleges and universities across 40 U.S. states and internationally. By combining efforts, the two entities aim to enhance access to affordable, high-quality, and workforce-relevant online education, particularly for working adults and professionals. This transaction, scheduled to close by early 2024, symbolizes a strategic shift towards a more focused Wiley, leveraging its competitive advantages and market opportunities in research and learning.