DivestmentMay 1, 2026, 04:37 PM
Graham Holdings' Kaplan Sells KLG; Expects $60M Tax Benefit
AI Summary
Graham Holdings Company announced that its subsidiary, Kaplan, has completed the sale of the Kaplan Languages Group (KLG) on May 1, 2026. As a result of this divestment, the company anticipates recording a current U.S. income tax benefit of approximately $60 million in 2026.
Key Highlights
- Graham Holdings' subsidiary Kaplan completed the sale of the Kaplan Languages Group (KLG).
- The transaction for the divestment closed on May 1, 2026.
- The company expects to record a current U.S. income tax benefit of approximately $60 million.
- The anticipated tax benefit will be recognized in 2026.