Pearson, the education and information company, has completed the sale of its 61% stake in Interactive Data to investment funds managed by Silver Lake and Warburg Pincus. The terms of the transaction are in line with the agreement announced on 4 May 2010.
Interactive Data shareholders will receive $33.86 in cash for each share of Interactive Data stock they own. The total cash consideration to Pearson is approximately $2bn before tax.
Rona Fairhead, chief executive of the Financial Times Group, said:
"Interactive Data has been a valued part of the FT Group and Pearson for many years and has become a world leader in its field. That's the result of the dedication and talent of its remarkable group of people, and we wish them every success with their new owners."
For more information
Luke Swanson/ Simon Mays-Smith/ Charles Goldsmith + 44 (0) 20 7010 2310