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July 23, 2015 02:25 pm GMT
Some more M&A afoot in the media industry. Pearson has sold the Financial Times Group to Japan’s Nikkei Inc for 844 million ($1.3 billion) in cash. The news comes aftera morning offervent speculation that the Financial Times was on the block, with some speculating that Axel Springer would be the buyer.In addition to the iconic pink newspaper, the group includes the FT.com… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iJovlCQMDNs/
Japans Nikkei Buys The Financial Times Group From Pearson For $1.3B
Some more M&A afoot in the media industry. Pearson has sold the Financial Times Group to Japan’s Nikkei Inc for 844 million ($1.3 billion) in cash. The news comes aftera morning offervent speculation that the Financial Times was on the block, with some speculating that Axel Springer would be the buyer.In addition to the iconic pink newspaper, the group includes the FT.com… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/iJovlCQMDNs/
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