Financial Times sold to Japanese Nikkei group by EUR 1.2 billion – Daily News – Lisbon

The British publisher Pearson sold the financial newspaper Financial Times to the Japanese media group Nikkei. The business earned the Pearson 844 million pounds, approximately EUR 1.2 billion. The sale agreement Financial Times does not include the London headquarters of the newspaper or aa 50% stake in the journal The Economist , according to a statement from the publisher.

According to the very Financial Times, Pearson, founded in 1844 and owns the FT for almost 60 years, had been negotiating with the Nikkei and the German Axel Springer group – which owns the Bild or Die Welt . The Nikkei is a major Japanese publishing groups.

Earlier on Thursday, the British publisher had already issued a statement confirming “advanced talks” to a potential sale of the FT, pointing out that there was no certainty if the talks would lead to the realization of the business.