Pearson has expanded its reach in China with the $155m purchase of Global Education and Technology Group, a provider of English language test preparation services.
The FTSE 100 education and publishing company, which owns the Financial Times, is aiming to tap further the growing demand for English language education in China through the all-cash deal.
Pearson on Monday said it would pay $294m for US-listed Global Education, which is expected to have $139m in cash on its books when the deal completes at the end of the year.
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