Pearson is in talks with two Asian funds for its English language unit

Two Asian funds are poised to swoop on education firm Pearson’s English language unit, according to reports. Baring Private Equity Asia and Citic Capital Holdings have entered exclusive talks for Pearson’s language training centres, known as Wall Street English, after making a joint bid, sources told Reuters.

The sale is expected to be announced in mid-November and value the business at between $350m (£265m) and $400m, beating a rival bid from private equity firm MBK Partners.

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