IDC puts itself up for sale

US-listed global information provider Interactive Data Corporation (IDC), majority owned by media company Pearson, is believed to be seeking possible buyers. IDC’s stable cashflow and high profit margins are likely to prove of interest to private equity groups, with its fixed income and illiquid securities pricing business proving resilient in the recent recession. A sale could net Pearson, which owns 62 per cent of IDC, an estimated $1.5bn (£0.9bn) – a sum which could help the media company to fund fresh acquisitions.