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Pearson to sell GlobalEnglish Corp

Pearson has put its online English language teaching division GlobalEnglish Corp up for sale, Sky News has reported. 

The unit uses cloud software to teach English to employees of multinational companies.

GlobalEnglish was acquired by Pearson in 2012, at which time its clients included companies such as GE and Unilever.

Pearson is in the midst of a turnaround plan and looking to streamline its operations following a series of profit warnings. This has seen it dispose of its stakes in The Economist Group and the Financial Times newspaper.

Sources told Sky that Pearson now deemed GlobalEnglish Corp, for which it paid $90 million (£62 million), not to be core to its activities. Pearson declined to comment.


Posted on: 27/04/2016




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