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Financial Times Owners Looking To Sell

  • The Drum, Wednesday, November 7, 2012 2:35 PM

Pearson are reportedly looking to sell the newspaper in a deal which could net the FTSE 100 media group a £1 billion-£2 billion payday. Pearson is said to be mulling a sale of the financial daily, which has suffered from falling readership, within months so that it can focus its efforts on a fast-growing education division. Bloomberg Media Group (which revealed the purported sale), Thomson Reuters and News Corporation are likely bidders.

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