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Pearson exploring sale of Financial Times
Citing “people familiar with the matter”, it states that “potential buyers” for the newspaper are being sounded out by Pearson.
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The Financial Times, the U.K.-based salmon-colored daily that Michael Bloomberg has coveted since at least 2012, is once again considering a sale, according to Bloomberg’s news organization.
Shares in Pearson were trading down 1.2 percent at 1,260 pence at 1513 GMT. Axel Springer declined to comment. The publisher is scheduled to report interim results on July 24.
“If Pearson can get 1 billion pounds for the FT I will eat my hat”, he said.
The Financial Times group, which includes a number of publications and the FT.com website is worth an estimated £1bn.
Axel Springer, the German newspaper publisher which is in talks to combine with broadcaster ProSiebenSat.
According to its website, the Financial Times has a combined paid print and digital circulation of 720,000.
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The group, however, maintains the newspaper has a place in its portfolio.