Pearson will offload its 50% stake in The Economist Group for £469 million ($731 million) as it continues to steer away from news and focus on education.
Most of the shares will be sold to Exor, a European investment company controlled by Italy's billionaire Agnelli family. Exor will purchase 27.8% of its shares, raising its existing shareholding in The Economist Group from 4.7% to 43.4%.
14:56 Read what Steven Mnuchin will say at his Treasury confirmation hearing18
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02:14 Green Bay Packers expected to cut Sam Shields21