With Pearson able to ask Bertelsmann to buy out their minority 47 percent share of Penguin Random House as early as this October, the education company’s John Fallon told Bloomberg TV, “It’s most unlikely that we’ll exercise the option at this time.” He noted, “The business is doing well, and we are one year away from achieving peak synergies.” Perhaps more relevantly, Pearson has abundant cash coming in this year from the sale of the Financial Times and their half of the Economist, so it’s reasonable that the company would wait a bit to cash in their PRH holding. Without […]
