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Pearson buys US online education company for $650 mln
October 16, 2012 / 3:36 PM / 5 years ago

Pearson buys US online education company for $650 mln

Oct 16 (Reuters) - Pearson Plc said it bought U.S. online educational services company EmbanetCompass Group Inc for $650 million.

The British education and publishing group said it bought EmbanetCompass, which partners with more than 35 not-for-profit colleges and universities on online courses, from an investor group led by Technology Crossover Ventures and Knowledge Universe.

Reuters had reported in August that EmbanetCompass had kicked off a sale process.

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