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PSO Pearson Plc

12.255
-0.135 (-1.09%)
Last Updated: 18:03:06
Delayed by 15 minutes
Name Symbol Market Type
Pearson Plc NYSE:PSO NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.135 -1.09% 12.255 12.37 12.23 12.32 939,159 18:03:06

Pearson Sells Mergermarket to BC Partners for GBP382 Million

29/11/2013 12:27pm

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Pearson (NYSE:PSO)
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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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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