Financial Times will sell for $ 1.3 billion

    The British company Pearson has already agreed to sell the Financial Times Group Inc to the Japanese company Nikkei. A media corporation from Japan agreed to acquire the Financial Times for $ 1.3 billion, writes Lenta. It is planned to close the deal in the fourth quarter of this year, after receiving regulatory approval. Megamozg reporters reported a possible sale of the publication a few days before the actual conclusion of the transaction.

    The Financial Times Group Inc includes, in addition to the Financial Times, other publications, plus the group owns 50% in the Economist Group (publishes the magazine Economist). The deal with Nikkei does not include the sale of a stake in Pearson and FT London property.

    The number of subscribers to the FT print edition and its online version has now reached 737,000. The base of online subscribers is 70% of the total. In April, the print edition of the FT was 213 thousand copies.

    According to the head of Pearson, John Fallon, now the development of the newspaper has reached a turning point, largely due to the active growth of mobile and social media resources. “In the new environment, the best way to guarantee FT's journalistic and commercial success is to make it part of a global digital information company,” Fallon commented on the sale of the publication.

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