Pearson Picks Up Some Cash Pearson sold its Government Solutions unit to Veritas Capital for $560 million, plus $40 million in preferred stock and a continuing 10 percent share in the business, the WSJ reports (following an initial report in the FT). Pearson says they will use the proceeds to pay off debt and fund acquisitions. WSJ More on the Bible Business Similar to last week’s report on the bible business in the WSJ, the New Yorker does the story their way this week. The focus is on Thomas Nelson, where “bible sales increased more than fifteen per cent last […]
