According to this article, "the International Society for Technology in Education (ISTE) announced that it has agreed to acquire EdSurge." Why? Why? "(ISTE) had no outlet for real-time news reporting, and no strong focus on higher education." It's unlikely EdSurge investors made back their millions of dollars of investments. "The ISTE acquisition was certainly fortuitous, although it did not come with a huge price tag." But that said, terms were not announced, and the VCs may have an interest in future earnings from funding available exclusively for non-profits, such as foundations. That, of course, is just speculation.
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