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Crunch Network
New Financial Times And Economist Owners Ponder The Future Of Digital Media
Who saw the recent sale of the Financial Times (FT) from Pearson to Nikkei for $1.3 billion coming? The sale of The Economist, also owned by Pearson, three weeks later, was less of a surprise, as Pearson set forth its new streamlined “digital ambitions.” Read More
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Japan’s Nikkei Buys The Financial Times Group From Pearson For $1.3B
Some more M&A afoot in the media industry. Pearson has sold the Financial Times Group to Japan’s Nikkei Inc for £844 million ($1.3 billion) in cash. The news comes after a morning of fervent speculation that the Financial Times was on the block, with some speculating that Axel Springer would be the buyer. In addition to the iconic pink newspaper, the group includes the FT.com… Read More
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Nook Media Takes $89.5M From Pearson, Says Holiday Sales Fell Below Expectations
Nook Media, the Barnes & Noble subsidiary that handles Nook e-readers and digital content, announced today that education publisher Pearson has invested $89.5 million, giving it a 5 percent stake in the company. Nook Media spun out from Barnes & Noble earlier this. B&N owns 78.2 percent , while Microsoft (which made a big investment aimed at bringing Nook content to Windows… Read More
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Pearson Buys Certiport For $140M To Beef Up Its IT Testing Business Globally
Pearson, the educational publisher, today made a move to beef up its international professional IT testing business: it announced that it is buying Certiport, a developer, marketer and distributor of certification exams and practice tests for IT and digital literacy skills, for $140 million in cash from the private equity firm Spire Capital Partners. The deal will give Pearson’s VUE… Read More
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Old Publishers Dive Into The New: Pearson Inks API Billing Deal With Zuora; Adds Food To The Mix
Pearson, the owners of Penguin, the Financial Times Group and a number of education imprints, has made some significant strides into digital with e-books and apps, but it is always on the hunt for more. So today the publisher is announcing that it is expanding one of its newer ventures, Plug & Play, which offers its copyrighted material via APIs to third-party developers: it has signed a… Read More
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Pearson-Incubated Startup Alleyoop Launches To Gamify Adaptive Learning
According to the National Center on Education and the Economy, only 1 in 6 high school freshmen will go on to graduate from college on time, and about 25 percent of Americans drop out before they finish high school. A Pearson-backed startup launching today, called Alleyoop is betting that by combining adaptive learning with some elements of gamification, it can help prepare high schoolers… Read More
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Pearson confirms plans to engage with, and maybe acquire, startups
Genevieve Shore, Pearson’s director of digital strategy, gave a briefing to the media this morning in London and the news is looking good for startups potentially looking for an exit route to a media company. Asked if Pearson plans to grow its innovation through acquisition she replied that “there is definitely an M&A strategy. We’ll be focusing on digital service… Read More
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Nokia, Pearson form wireless education joint venture in China
Nokia and education company Pearson have formed a joint venture in China dubbed Beijing Mobiledu Technologies to grow MobilEdu, the wireless education service that the Finnish mobile giant launched in China back in 2007. Mobiledu is a mobile service that essentially provides English-language learning materials and other educational content, from a variety of content providers, directly to… Read More
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Nokia, Pearson Set Up Digital Education Joint Venture In China
Nokia and education company Pearson have formed a joint venture in China dubbed Beijing Mobiledu Technologies to grow MobilEdu, the wireless education service that the Finnish mobile giant launched in China back in 2007. Mobiledu is a mobile service that essentially provides English-language learning materials and other educational content, from a variety of content providers, directly to… Read More
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