Pearson completes sale of 61% stake in Interactive Data

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."


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