Deals
Pearson Skips University to Hunt for Deals in Africa
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Pearson Plc Chief Financial Officer Robin Freestone, with 1 billion pounds ($1.6 billion) to spend on deals this year, is studying new takeover targets amid sluggish funding for publicly funded schools and universities.
The company is seeking to buy for-profit education companies in markets such as India, Brazil and China as well as websites and software that help people acquire new skills, Freestone said in an interview in Bloomberg’s London office.