Pearson to sell FT Group to Nikkei Inc
Pearson to divest of FT Group to Nikkei Inc. for a gross consideration of £844 million, payable in cash. Financial Times is one of the world’s leading news organisations, recognised for its authority, integrity and accuracy. It 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 transaction is subject to a number of regulatory approvals and is expected to close during the fourth quarter of 2015.