M&A
confidence high
sentiment neutral
materiality 0.75
Skillsoft completes SumTotal sale to Cornerstone; restates prior periods as discontinued ops
Skillsoft Corp.
- Completed disposition of 100% of Amber Holding Inc. (SumTotal) to Cornerstone OnDemand on Aug. 15, 2022.
- SumTotal operating results reclassified as discontinued operations for all periods in updated Q1 FY2023 10-Q.
- Assets and liabilities of SumTotal presented as held for sale for all prior periods presented.
- Restatement reflects segment change; all other Q1 information unchanged.