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Pearson in talks to acquire Chinese schools chain - report
Pearson, publisher of the Financial Times, is in advanced talks about acquiring a chain of private schools in Shanghai, the first time it would own an education institution anywhere in the world. LEC comprises 15 schools and the deal offers Pearson a way of entering the heavily regulated Chinese education market ahead of the Beijing Olympics. Pearson insiders say the shift in education is moving towards technology platforms and software in education rather than printed textbooks and the LEC schools offer among other benefits a way of showcasing products such as interactive boards. — Forbes