Pearson buys Melorio

From the Wall Street Journal:

Publisher Pearson PLC said Wednesday it has struck a deal to buy London-based training firm Melorio PLC for £99.3 million ($142.4 million), in a move signaling Pearson's growing interest in the vocational-education sector.The acquisition comes two weeks after Pearson netted $2 billion before tax by selling a 61% stake in financial-information firm Interactive Data Corp. to two private-equity companies.

Melorio, a vocational-skills company that reaches 15,000 people in the U.K. each year, conducts training programs and assessments for professionals such as construction workers, IT-services employees, electricians and plumbers.

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About Nate Hoffelder (11219 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:"I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

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