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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Shares in education publisher Pearson jump 20% on hopes of private equity bid

Pearson Apollo
woman browsing rack of Pearson book titles in bookshop
Pearson is on a recovery path after being caught out by students’ shift to secondhand titles and ebooks. Photograph: Chris Batson/Alamy

Pearson’s market value jumped by as much as a fifth after a US private equity group said it was considering making an improved cash offer after the educational publisher’s rejection of a potential deal worth more than £6.4bn.

News of the possible offer from Apollo sent shares in Pearson, which is finally emerging from a seven-year slump marked by a string of profit warnings and a record £2.6bn loss, up 20%, making it the top riser on the FTSE 100 on Friday.

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