Pearson announced yesterday that it has completed the sale of its 22% stake in European broadcaster, RTL Group, to Bertelsmann AG, as previously announced in December last year.
Following the deal, Marjorie Scardino, chief executive officer of Pearson, and John Makinson, finance director at Pearson, will resign as non-executive directors of RTL Group.
The sale was completed on the terms announced in December, under which Bertelsmann agreed to pay Pearson E44 per share, or E1.5 billion in total, for the 22% stake.
Subscribers to MediaTel Insight can access this report in full, along with more national and international media analysis, forecasts and news. For subscription details please visit the site.
