LONDON, UK: Pearson Plc, the world’s largest education company and a former book publisher, today updates on the generative AI enhancements in products across its portfolio. These enhancements, when combined with Pearson’s unparalleled collection of high quality proprietary intellectual property assets, further strengthen the Company’s position as a digital-first learning company focused on delivering an…
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Pearson Plc sells K12 Courseware Businesses in Italy & Germany for £163mn
LONDON, UK: Pearson Plc has agreed to sell its local K12 Courseware businesses in Italy and Germany to Sanoma Corporation, a leading European K12 learning services company operating in 11 countries and listed in Nasdaq Helsinki (SAA1V). The headline consideration of this transaction is £163 million, which will be paid in cash on completion, subject…
Pearson Plc buys Credly in a $200 million deal
LONDON, UK: Pearson plc, the world’s leading learning company, has acquired Credly, the market leader in digital credentials and certifications for the workforce. The purchase price for Credly, including Pearson’s existing stake, represents a total value of $200m, which will be funded from Pearson’s existing cash and available liquidity. This comprises a total upfront consideration…
Pearson plc
Pearson plc is a multinational publishing and education company headquartered in London, England. It was founded as a construction business in the 1840s but switched to publishing in the 1920s. It is the largest education company and was once the largest book publisher in the world. In 2013 Pearson merged its Penguin Books with German…
Pearson to sell its remaining stake in Penguin Random House for $675mn
LONDON, UK: In line with its simplification strategy, Pearson Plc has signed an agreement to sell its remaining 25% stake in Penguin Random House to partner Bertelsmann SE & Co KGaA for a consideration of approximately $675 million. This transaction values the Penguin Random House venture at an enterprise value of $3.67 billion, compared with…