Diversified financial and legal information and services provider Thomson Corp. has agreed to sell its Thomson Prometric unit to ETS, an educational-testing company, for $435 million.<> Prometric, a provider of testing systems, is the facility that administers the computer-based CPA examination. Prometric operates testing centers in 132 countries as well as online. Under the terms of the deal, Thomson will pay $310 million in cash and $125 million in notes. The agreement is expected to close in the third quarter. Recently, Thomson forged a deal to acquire Reuters Group PLC in a union valued at roughly $17 billion and agreed to sell its Thomson Learning unit for $7.75 billion to help fund the Reuters acquisition.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access