PE firm MBK Partners preparing bid for Pearson's $400 mln English language unit -sources [Reuters]
Pearson, Plc (PSO)
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Source: Reuters
PE firm MBK Partners preparing bid for Pearson's $400 mln English language unit -sources | Reuters 3 Min Read HONG KONG/LONDON, Sept 22 (Reuters) - 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. The sale of WSE, widely expected to be valued at about $400 million, comes after Britain’s Pearson raised $1 billion from the sale of a 22 percent stake in publisher Penguin Random House in July. Pearson is looking to rebuild its business after reporting a deep loss last year, and the 173-year-old group has sold off its better-known assets including the Financial Times newspaper and Economist magazine to generate cash. The sale process of WSE is currently in the second round of bidding with a deadline for binding bids next week, two of the people said. A few other private equity firms and strategic investors
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PSO
Sec Filings
- 4/11/24 - Form 6-K
- 4/4/24 - Form 6-K
- 4/2/24 - Form 6-K
- PSO's page on the SEC website