Deals
Pearson Buys EmbanetCompass for $650 Million in Education Push
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Pearson Plc agreed to buy EmbanetCompass, a provider of online learning services to North American colleges and universities, for $650 million in cash to expand its education business.
Pearson, which gets most of its revenue from education services in the U.S., is buying the company from an investor group led by Technology Crossover Ventures and Knowledge Universe, the London-based company said in a statement today.