Daily Management Review

Pearson to Sell FT


07/23/2015


Pearson confirmed their intention to sell the business newspaper Financial Times (FT). This is stated in the official statement of the publishing house.



- Pearson confirms that they are in the process of negotiations on the possible sale of the FT Group, although at the moment there is no certainty that the negotiations will lead to a deal, - the report says. Details of the talks are omitted.

Information on that Pearson plans to sell the publication, appeared on July 20. Bloomberg citing sources specify that the company already have interested people, negotiations with whom were under way and the amount of the deal could reach $ 1.6 billion. One of the agency's interlocutor called European publishing holding Axel Springer SE among the possible buyers. In addition, he said, the asset may be of interest to investors in Europe, the Middle East and Asia. Representatives of Pearson and Axel Springer did not comment on this information.

Financial Times is a business newspaper, founded in 1888. Published in English in two dozen cities in the world. 720,000 people are subscribed on the newspaper, mostly in the Internet. About 30 percent receive the printed version.