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Posted on May 7, 2010

FRAMINGHAM, MA -- Interactive Data Corporation, a leading provider of financial market data, analytics and solutions, announced that it will be acquired by investment funds managed by Silver Lake and Warburg Pincus in a transaction with a total value of $3.4 billion.

IDC employs 2,400 people including 500 in the Boston area.

Pearson, which owns approximately 61% of Interactive Data, has executed a written consent providing approval as a shareholder for the transaction.

Marjorie Scardino, Pearson's chief executive, said: "Pearson has been proud to be associated with Interactive Data for many years as it has built a world-class financial information business. Pearson and Interactive Data have extensive growth opportunities and ambitious expansion plans, and we believe this transaction will give both companies greater focus and opportunity to invest more in their strong market positions. We wish everyone at Interactive Data every success with their new owners. We've been pleased to be their colleagues and will enjoy watching their progress from here."

Rona Fairhead, chairman of Interactive Data s board of directors, said: "This transaction enables Interactive Data's shareholders to realize substantial value and provides the company with partners who are committed to supporting its global expansion. Interactive Data has an outstanding team of more than 2,400 people and the Board thanks them sincerely for their skill and commitment in serving our customers and building the company over many years. With the support of Silver Lake and Warburg Pincus, I am confident that Interactive Data will take full advantage of its strong market position and the changes in technology and regulations that are shaping its industry."

Under the agreement, Interactive Data shareholders will receive $33.86 in cash for each share of common stock they own. This represents a premium of approximately 32.9 per cent over the closing share price on Thursday, January 14 2010, the last trading day before Interactive Data announced that its board was reviewing strategic alternatives. Thetotal consideration to Pearson will be approximately $2 billion before tax.

The transaction has fully committed financing, consisting of a combination of equity to be invested by Silver Lake and Warburg Pincus and debt financing to be provided by Bank of America Merrill Lynch, Barclays Bank PLC, Credit Suisse Securities (USA) LLC and UBS Investment Bank. It is subject to regulatory approvals and customary closing conditions and is expected to close by the end of the third quarter of 2010.