Pearson Acquires TutorVista

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Pearson, one of the world’s largest publishing groups and owner of the Financial Times newspaper, said it had increased its stake in Indian education firm TutorVista to a controlling level of 76 percent, for Rs.577 crore (about $125 million).

The deal will expand Pearson’s business in education in India and in global online tutoring, the company said, adding that it was one of the biggest transactions ever in the Indian education sector.

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