Private Equity Firms Near $3.1B Deal For Pearson Unit

Law360, New York (May 3, 2010, 5:06 PM EDT) -- Private equity firms Warburg Pincus LLC and Silver Lake Partners are reportedly wrapping up a $3.1 billion deal for Pearson PLC's financial-market data unit Interactive Data Corp.

The deal for the Bedford, Mass.-based financial market data and analytics company could be announced as soon as Monday, Reuters reported, citing an anonymous source familiar with the negotiations.

Pearson, which also owns the Penguin Group and the Financial Times Group, revealed in mid-January that IDC's board of directors was reviewing strategic alternatives for the company. Pearson owns about...
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