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Pearson’s Online Education $650-Million Purchase

October 17th, 2012 Leave a comment Go to comments

Pearson, a publishing and education company whose products include books, newspapers, and online services, announced a major acquisition on Tuesday that will deepen its commitment to becoming a major player in online education.

The company, which owns the Financial Times and the Penguin Group book publisher, shelled out $650-million in cash to buy EmbanetCompass, a business that provides support services to colleges and universities that are moving their programs online.

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