Pearson sells Financial Times to Nikkei
Pearson has agreed to sell the FT Group to Nikkei Inc.
Financial Times includes the FT newspaper, FT.com, How to Spend It, FT Labs, FTChinese, the Confidentials and Financial Publishing (including The Banker, Investors Chronicle, MandateWire, Money-Media, Medley Global Advisors, and more).
The agreement does not include FT Group’s London property at One Southwark Bridge and Pearson’s 50% stake in The Economist Group. The transaction is subject to a number of regulatory approvals and is expected to close during the fourth quarter of 2015.