Pearson Plc agreed to acquire Grupo Multi, an English-language training company in Brazil, for about 440 million pounds ($721 million) as the London-based company accelerates growth in its education business.
Pearson Plc shares have lagged behind peers since hitting a 12-year high in July as a restructuring at the publisher of everything from textbooks to Tom Clancy’s thrillers failed to convince investors of its digital strategy.
German Chancellor Angela Merkel’s potential coalition partners, the Social Democrats, want to make implementation of a proposed financial-transaction tax a requirement for participation in a European banking union.
Reed Elsevier Plc, owner of the LexisNexis database, sold its French media unit RBI France to funds belonging to Edmond de Rothschild Group and BNP Paribas Developpement to reduce its dependence on advertising revenue.
Reed Elsevier Plc said it will spend 600 million pounds ($922 million) on share buybacks this year after earnings rose on sales in its risk business, which includes products for the insurance industry to detect fraud.