The Daily Telegraph reports this morning that Pearson has made a statement to the board saying that Interactive Data Corporation's board is "currently undertaking a preliminary review of strategic alternatives for the company". It issued the statement in response to a report in the Financial Times that said IDC had approached potential buyers.
The Telegraph article states that New York-listed IDC, which provides prices for fixed income and illiquid
securities for portfolio managers, has a market value of around $2.4bn
(£1.5bn), valuing Pearson's 61pc stake at about $1.5bn.
The statement added that the companies can give "no assurance on the
potential outcome or timing of this review process and do not intend to make
any further statements unless and until it becomes appropriate to do so".
The Telegraph adds that buyers could include Bloomberg, McGraw-Hill and Thomson Reuters, although any such combinations could face competition hurdles, according to the FT report.
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