"Pearson, the world's leading learning company, today announces that it has agreed to increase its shareholding in TutorVista to a controlling 76 percent stake for a consideration of $127 million," said a statement.
"Pearson acquired a minority stake in TutorVista in June 2009 and this transaction takes Pearson's total equity investment in the company to approximately $139 million."
"TutorVista is an innovative and effective education company that we have worked with and respected for several years," Pearson chief executive Marjorie Scardino said in the statement.
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