Pearson Buys U.S. Online School Network

From the Wall Street Journal:

BY SIMON ZEKARIA
LONDON—Pearson PLC on Thursday said it has acquired U.S.-based online schooling network Connections Education for $400 million in cash, as the U.K.-based publishing giant ramps up its extensive North American education operations.

Pearson acquired the company from an investor group led by private-equity investment firm Apollo Management LP.

"Virtual schooling is an attractive choice for a growing group of American parents and in the next decade it will take off ...

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