Pearson Buys Lumerit Education for $29 Million -- Deal Digest
04 Noviembre 2019 - 8:59AM
Noticias Dow Jones
By Sabela Ojea
ACQUIRER: Pearson PLC (PSON.LN), a London-listed learning
company.
TARGET: Lumerit Education, LLC, a company valued at $29
million.
PRICE: $29 million.
STATUS: Completed.
RATIONALE: Pearson will use Lumerit's technology to accelerate
the growth of its accelerated pathways business. According to the
Pearson Global Learner Survey, online education is expected to grow
significantly over the next decade.
STOCK MOVE: Shares at 1411 GMT were up 11.40 pence, or 1.7%, at
696.40 pence.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 04, 2019 09:44 ET (14:44 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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