Financial Times Is Up For Sale. Nikkei Is Buyer

Posted: Jul 23 2015, 7:42am CDT | by , Updated: Jul 23 2015, 10:55am CDT, in News | Latest Business News

 

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Financial Times is Up for Sale, Axel Springer Buyer?
A copy of the Financial Times newspaper is seen alongside other British newspapers displayed for sale in a newsagents in London on July 23, 2015. British publisher Pearson revealed today it is in 'advanced' talks to sell its flagship business newspaper the Financial Times to an unnamed suitor. AFP PHOTO / NIKLAS HALLE'N (Photo credit should read NIKLAS HALLE'N/AFP/Getty Images)

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The Financial Times newspaper is up for sale. The British publishing house Pearson confirmed that they are in negotiations to sell the prestigious financial newspaper.

The salmon colored Financial Times newspaper is up for sale says British publisher Pearson.

Today Pearson confirmed the rumors that they want to sell the newspaper: "Pearson notes recent press speculation and confirms that it is in advanced discussions regarding the potential disposal of FT Group although there is no certainty that the discussions will lead to a transaction. A further announcement will be made if and when appropriate."

Update:

Pearson is today announcing that it has agreed the sale of FT Group to Nikkei Inc. for a gross consideration of £844 million, payable in cash.

The Financial Times is daily newspaper with a special focus on business and economic news. The newspaper was founded in 1888 by James Sheridan and Horatio Bottomley, and merged with its closest rival, the Financial News, which was founded in 1884 in 1945.

According to Wikipedia the paper has a daily circulation of over 234,000. The online site FT.com has 4.5 million registered users and over 285,000 digital subscribers, as well as 600,000 paying users.

There are no details yet on the sales price of the Financial Times and who the interested buyers are.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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