Morgan Lewis Aids Pearson In $650M Online Learning Co. Buy

Law360, New York (October 16, 2012, 7:25 PM EDT) -- Educational content creator Pearson PLC will shell out $650 million to buy online learning company EmbanetCompass LLC from investors led by a private equity firm and a global education company, in a bid to strengthen its stake in the U.S. higher education market, Pearson announced Tuesday.

Pearson purchased EmbanetCompass from an investor group led by private equity and venture capital firm Technology Crossover Ventures Inc. and global education company Knowledge Universe. The transaction is subject to Hart-Scott-Rodino antitrust review, Pearson said.

“The acquisition of EmbanetCompass extends...
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