Pearson Sells Mergermarket to BC Partners for GBP382 Million
November 29 2013 - 7:27AM
Dow Jones News
By Rory Gallivan
LONDON--Pearson PLC (PSON.LN), the owner of the Financial Times,
said Friday that it has agreed to sell company news provider
Mergermarket to private equity group BC Partners in a deal valued
at 382 million pounds ($623 million).
Pearson's Chief Executive John Fallon said the funds from the
sale, which is expected to close by the end of the first quarter of
2014, will help the company expand its presence in digital
learning, educational services and emerging markets.
-Pearson shares at 1136 GMT, down 2 pence, or 0.15%, at 1,349
pence valuing the company at GBP11.1 billion.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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