FT Group completes $2bn sale of Interactive Data

30 July 2010

Pearson today today completed the sale of its 61 per cent stake in Interactive Data to Silver Law and Warburg Pincus for $2bn (£1.28bn).

The specialist financial information company is based in the USA and was part of Financial Times Group. It provides investment institutions with reference data and electronic trading infrastructure services.

FT Group chief executive Rona Fairhead said: “Interactive Data has been a valued part of the FT Group and Pearson for many years and has become a world leader in its field.That's the result of the dedication and talent of its remarkable group of people, and we wish them every success with their new owners."

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