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Hard Copy

Pearson purchase

Pearson's penchant for overspending prompted many to question the media and information company's purchase this month of Grundy Worldwide, the Aussie production company that makes Neighbours and a slew of soaps and game shows. Greg Dyke, chief executive of Pearson Television, led negotiations in the £175m buyout. Surprised competitors have pointed out that Grundy was flogged for half that amount last year.