Pearson PLC (PSON.L)
15 Dec 2017
Fri, Dec 8 2017
* APPOINTS MICHAEL LYNTON, CHAIRMAN OF SNAPCHAT AND FORMER CHAIRMAN AND CEO OF SONY ENTERTAINMENT TO BOARD OF DIRECTORS
* PEARSON - HAS AGREED SALE OF WALL STREET ENGLISH (WSE) TO A CONSORTIUM CONSISTING OF FUNDS AFFILIATED WITH BARING PRIVATE EQUITY ASIA AND CITIC CAPITAL
* HAS TODAY COMPLETED SALE OF A 22 PCT STAKE IN PENGUIN RANDOM HOUSE VENTURE TO OUR PARTNER BERTELSMANN SE & CO KGAA Source text for Eikon: Further company coverage:
HONG KONG/LONDON, Sept 22 North Asia private equity firm MBK Partners is preparing a bid to buy language learning business Wall Street English (WSE) from Pearson PLC , the world's biggest education company, three people with direct knowledge of the matter said.
* COMPLETED DISPOSAL, TOGETHER WITH SALE OF ASSOCIATED PROPERTY ASSETS, IS EXPECTED TO GENERATE GROSS CASH PROCEEDS TO PEARSON IN REGION OF $80M