Pearson sells Financial Times to Nikkei for £844m
July 24 , 2015
Pearson has announced that it selling the prestigious Financial Times Group to Japan’s business media giant Nikkei in a £844 million cash deal. Pearson's 50 per cent stake in the Economist is not part of the sale.
John Fallon, the chief executive of the Pearson publishing group, said it had been the “proud proprietor” of Financial Times for nearly six decades but had reached “an inflection point in media”.
Besides the flagship Financial Times, the FT group has a number of other business publications.