Pearson Pays $720M For Brazilian English-Teaching Firm
As part of the deal, Pearson will acquire 100 percent of Grupo Multi by paying £440 million ($722 million) in cash and assuming £65 million in debt. Grupo Multi is the largest provider of private language schools in Brazil, with more than 2,600 franchised schools.
Brazil’s market for English learning is one of the largest in the world,...
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