From GigaOm:
The biggest ed tech deals of the year were Pearson’s $650 million purchase of Embanet Compass, which provides online learning services to colleges and universities, and John Wiley & Sons’ $220 million acquisition of Deltak Edu, an online degree services company. Both online learning companies have been around since the mid to late 1990s.
Coursera is a drop in the bucket. And the Great Squeeze is coming…
Hapgood 
No one seems to wonder where these hundreds of millions of dollars comes from