Pearson poised to buy Shanghai schools chain

[Francis Hult]

The Guardian

 

Pearson poised to buy Shanghai schools chain

 

Textbook and newspaper publisher Pearson is poised to buy a chain of private schools in Shanghai to tap into the growing demand for English language teaching from increasingly affluent Chinese families.

 

The world's biggest publisher of education materials is in advanced talks with the LEC chain of 15 schools over what will be its first acquisition of institutions.

 

Full story:

http://www.guardian.co.uk/business/2008/may/06/pearson.pearson

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