Monday, January 24, 2011

Pearson Education takes stake in India's leading Online Tutoring Company Tutorvista

"Pearson, the world's leading learning company, today announces that it has agreed to increase its shareholding in TutorVista to a controlling 76 percent stake for a consideration of $127 million," said a statement.
"Pearson acquired a minority stake in TutorVista in June 2009 and this transaction takes Pearson's total equity investment in the company to approximately $139 million."
"TutorVista is an innovative and effective education company that we have worked with and respected for several years," Pearson chief executive Marjorie Scardino said in the statement.

No comments:

Post a Comment