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Rosetta Stone Hires Adviser to Explore Potential Sale

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Photographer: John Taggart/Bloomberg
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Rosetta Stone Inc. is exploring strategic alternatives including a potential sale of all or part of the language and literacy software company, according to people familiar with the matter.

The Arlington, Virginia-based company is working with financial advisers to gauge interest from potential private equity and strategic buyers, said the people, who asked not to be identified because the matter is private. Rosetta Stone has yet to determine what avenue to pursue, and the company may choose to remain independent, the people said.