BUSINESSWEEK ONLINE : JANUARY 22, 2001 ISSUE
COVER STORY

Scardino the Dealmaker


In four years as CEO, she has completed deals worth at least $11 billion to tighten Pearson's focus


QUIRKY BUSINESSES ARE HISTORY

-- Sold Tussaud's Group of wax museums and other attractions to Charterhouse Development Capital, a private equity firm, for $528 million in October, 1998.

-- Sold an 18% stake in Lazard investment banks to Gaz et Eaux holding company, which is controlled by Michel David-Weill and associates, for $615 million in June, 1999.


WHILE MEDIA HOLDINGS GROW

-- Bought Simon & Schuster's education business for $4.6 billion from Viacom in May, 1998.

-- Acquired British children's and illustrated book publisher Dorling Kindersley Holdings PLC for $466 million in March, 2000.

-- Bought National Computer Systems, an educational testing company, for $2.5 billion in July, 2000.

-- Merged Pearson Television with the broadcasting assets of Germany's Bertelsmann and Belgium's Albert Frere to form RTL Group in April, 2000. Pearson holds a 22% stake, now worth $2.6 billion.



_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

BACK TO TOP


RELATED ITEMS
Chapter 2 at Pearson

COVER IMAGE: Pearson's Big Bet

TABLE: Pearson's Growing Empire

TABLE: Scardino the Dealmaker

RESUME: Marjorie Scardino

PHOTO: Marjorie Scardino

The Financial Times Takes On the World

ONLINE EXTRA: Scardino: "It Is Not Enough to Be a Content Company"



INTERACT
E-Mail to Business Week Online

 
Copyright 2000-2009, Bloomberg L.P.
Terms of Use   Privacy Notice