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Pearson Completes Sale of 61% Stake in Interactive Data - Pearson, the education and information company, has completed the sale of its 61% stake in Interactive Data to investment funds managed by Silver Lake and Warburg Pincus
Pearson Completes Sale of 61% Stake in Interactive Data

 

PRZOOM - /newswire/ - London, United Kingdom, 2010/07/30 - Pearson, the education and information company, has completed the sale of its 61% stake in Interactive Data to investment funds managed by Silver Lake and Warburg Pincus. NYSE: PSO

   
 
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The terms of the transaction are in line with the agreement announced on 4 May 2010.

Interactive Data shareholders will receive $33.86 in cash for each share of Interactive Data stock they own. The total cash consideration to Pearson is approximately $2bn before tax.

Rona Fairhead, chief executive of the Financial Times Group, said: "Interactive Data has been a valued part of the FT Group and Pearson for many years and has become a world leader in its field. That's the result of the dedication and talent of its remarkable group of people, and we wish them every success with their new owners."

For more information

Luke Swanson/ Simon Mays-Smith/ Charles Goldsmith +44 (0) 20 7010 2310

Pearson (NYSE: PSO), the global leader in education and education technology, reaches and engages today's digital natives with effective and personalized learning, as well as dedicated professional development for their teachers.

 
 
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Pearson Completes Sale of 61% Stake in Interactive Data

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Contact: Charles Goldsmith - Pearson.com 
+44 (0) 20 7010 2310 charles.goldsmith[.]pearson.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Pearson Education, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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