Pearson Education, part of Pearson plc, the international media company, has completed the sale of certain higher education titles to John Wiley & Sons, Inc, for $58 million.
The disposals follow Pearson's $4.7 billion acquisition of the Simon & Schuster education, reference, and business & professional operations, which was completed last November. Pearson has merged the Simon & Schuster education business with Addison Wesley Longman to create Pearson Education, the world's leading educational publishing business.
As part of the U.S. Department of Justice consent decree for the Simon & Schuster acquisition, Pearson was required to sell certain overlapping products resulting from the merger of the two businesses. Pearson agreed to sell 55 out of a total of 35,000 higher education titles. The titles that Pearson has sold include works in biology/anatomy and physiology; engineering; computer science; mathematics; economics/finance; social science; and teacher education.
Pearson plc is an international media company. In addition to Pearson Education, its primary businesses include the Financial Times Group, which is the premier source of global news, comment and analysis; the Penguin Group, which is the world's most renowned English language publisher; and Pearson TV, which is the world's leading independent international television producer.
John Wiley & Sons, Inc, is an independent global publisher of print and electronic product specialising in textbooks and educational materials for colleges and universities; professional and consumer books and subscription services; as well as scientific and technical books and journals.
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