Financial Times owner Pearson has sold its 62 per cent stake in Interactive Data Corporation to investment funds in a deal worth $2bn.
In a statement the company said: “Pearson intends to use the proceeds of the sale to accelerate the expansion of its businesses, including through bolt-on acquisitions, with a particular focus on adding complementary technology and services to its international, consumer and professional education businesses.”
IDS is part of the Financial Times Group and in 2009 it contributed £484m in sales and £148m in operating profit to Pearson
Read the full market announcement here.
IDS is a specialist provider of financial analysis and data.
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