Pearson Welcomes Canadian Approval

Pearson plc, the international media company, today welcomed the Canadian Government’s approval of their application to acquire control of Prentice Hall Canada Inc. and to merge it with its Addison Wesley Longman Ltd business in Canada.

The approval by the Government of Canada concludes the regulatory process which followed Pearson plc’s acquisition of the Simon & Schuster education, reference and business & professional publishing divisions from Viacom Inc. education for $4.6 billion in November 1998. This acquisition created Pearson Education, the world’s leading education business.

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Pearson plc

 

John Fallon

 

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