Pearson goes back to school with China deal

Harold Schiffman haroldfs at gmail.com
Mon May 5 20:49:36 UTC 2008


 Forwarded From: edling at lists.sis.utsa.edu


Telegraph



Pearson goes back to school with China deal



Pearson, the publisher of the Financial Times, is accelerating efforts to
expand its business in China ahead of this summer's Beijing Olympics with
the acquisition of a chain of English language schools. The FTSE-100 media
group is near to finalising a deal to buy LEC, a group of 15 Shanghai
private schools, The Sunday Telegraph has learned. The deal, likely to be
announced this week, underlines Pearson's aim to expand its Chinese
operations as the country's economic growth presents opportunities for
foreign companies. Demand for English language tuition is at an all-time
high in mainland China as a result of the country's continuing integration
into the global economy.



Full story:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/04/cnpears104.xml





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Harold F. Schiffman

Professor Emeritus of
Dravidian Linguistics and Culture
Dept. of South Asia Studies
University of Pennsylvania
Philadelphia, PA 19104-6305

Phone: (215) 898-7475
Fax: (215) 573-2138

Email: haroldfs at gmail.com
http://ccat.sas.upenn.edu/~haroldfs/

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