Finally: Pearson Sells Its US K-12 Courseware Business
FEBRUARY 18, 2019
Nearly a year after announcing the plan , Pearson has finally sold its U.S Pearson only gets $25 million in cash upfront. After this amount is paid, Pearson is entitled to 20 percent of future cashflow from this business. And, in the event that Nexus later sells this business (after it pays the full $250 million), Pearson will get 20 percent of the net sale proceeds. Along the way, the company also shed thousands of jobs. The company’s struggles in the U.S.