Pearson buys Viacom books

Viacom completed the sale of its educational and professional publishing companies to the UK's Pearson Group last week.

Viacom completed the sale of its educational and professional publishing companies to the UK's Pearson Group last week.

The entertainment company is using the $4.6 billion proceeds from the sale to pay back debt. Viacom will retain publishing division Simon and Schuster.

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