Pearson Buys U.S. Online School Network

Simon Zekaria:

Pearson PLC on Thursday said it has acquired U.S.-based online schooling network Connections Education for $400 million in cash, as the U.K.-based publishing giant ramps up its extensive North American education operations.
Pearson acquired the company from an investor group led by private-equity investment firm Apollo Management LP.
“Virtual schooling is an attractive choice for a growing group of American parents and in the next decade it will take off in other countries,” Chief Executive Marjorie Scardino said.
Connections Education supplies “virtual” education services to students in grades K-12 and learning programs to educational institutions globally. It operates online public schools accredited in 21 U.S. states, serving more than 40,000 students who choose not to attend traditional schools, Pearson said.