Pearson Sells Its Stake in The Economist for $730.7 Million
First, the FT Group. Now, The Economist. Pearson, the world’s largest education company, has announced it will sell its 50% stake in The Economist Group to the remaining shareholders for $730.7 million, reports The Atlantic. Among the shareholders is Exor, an Italian holding company owned by the Agnelli family, the founders of Fiat. With its $446 million payment to Pearson, Exor will now own 43.4% of The Economist, an increase from its current stake of 4.7%.…
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