Wiley Acquires College Titles From Pearson
Posted on May 14, 1999William J. Pesce, President & Chief Executive Officer of John Wiley & Sons, Inc., has announced that Wiley has acquired certain publishing assets from Pearson Education including college textbooks and instructional packages in biology/anatomy and physiology, engineering, mathematics, economics/finance and teacher education. r.
"This acquisition is a rare opportunity to acquire a list of highly regarded titles that complements our college publishing program. The acquisition will accelerate the profitable growth of our college business and strengthen our position in several key markets," said Mr. Pesce.
This transaction, which closed on May 10, is an outgrowth of Pearson's acquisition of the Simon & Schuster education, reference, and business and professional operations last year. As a result of its review of that acquisition, Pearson and the Department of Justice entered into a consent decree requiring Pearson to divest certain titles.