Pearson is exploring a possible sale of the Mergermarket Group, which has approximately 300 journalists covering mergers and acquisitions and is unit that is part of the Financial Times Group, according to a story on BtoB Media Business.
The story states, “‘This process is at an early stage, and there is no certainty that it will lead to a transaction,’ the company said in a statement announcing its interim financial results for the first half.
“Mergermarket specializes in M&A and corporate financial news and analysis with brands including Dealreporter, Debtwire, Policy and Regulatory Report and Wealthmonitor. Founded in 2000 and acquired by Pearson in 2006, Mergermarket generates more than $150 million in annual sales, Pearson CEO John Fallon told analysts during an earnings call last week.
“‘Mergermarket is a growing business. It’s digital. It’s global. It’s service-oriented, and it has certainly flourished under Pearson’s ownership. It’s a highly valuable business in its own right, but we don’t see it playing any meaningful role in our emerging professional learning strategy,’ Fallon said during the call. ‘The process that we will now undertake over the next few months will determine whether we can be persuaded that it is worth more to somebody else than it is to Pearson.'”
Read more here.