Update bump.
Pearson CEO to Retire and company will sell remaining Penguin Random House stake
12/28/2019, 5:09:01 AM · by Freedom of Speech Wins · 7 replies
marketwatch ^ | 12/18/19 | Adria Calatayud
Pearson PLC said Wednesday that Chief Executive John Fallon plans to retire next year, and that it has agreed to sell its remaining 25% stake in Penguin Random House to Bertelsmann SE & Co. KGaA for $675 million. The London-based education publisher PSON, -0.46% said Fallon will retire in 2020 once a successor has been appointed. The company will consider both external and internal candidates as part of a succession process, it said. Pearson said the sale of its remaining stake in Penguin Random House to its partner is in line with the company’s simplification strategy and follows the disposal...
Gonna lose a lot of records in the transaction no doubt
UK and Germany pro-EU publisher too... The Anti-Brexit crowd probably paid this out to insure a victory for a candidate in order to gain full support for killing Brexit