Watch: Despite Growth and Profits, Pearson is Selling its US K-12 Business
Education and EdTech giant Pearson is looking to sell its US K-12 business in spite of posting growth and profits. The sale fits the trend set by CEO John Fallon, who took over in 2013. Since then, the company has sold its stakes in numerous publications and traditional publishing houses. Fallon says the US K-12 business makes up 9% of Pearson’s overall business but is led by textbooks when the company is pushing harder towards digital. Though it faces tough competition, Pearson is expanding its role in digital textbooks and integrating EdTech products into the classroom.
For the latest news, videos, and podcasts in the Education Technology Industry, be sure to subscribe to our industry publication.