Around the Net
FT Sold To Nikkei For GBP844m
- The Guardian, Friday, July 24, 2015 8:38 AM
The 127-year-old Financial Times, whose pink pages are as much a symbol of the City as the pinstriped suit, is to be sold to a Japanese financial media company by its British owners for £844m. The sale to Nikkei by Pearson, which comes after years of speculation over its long-term commitment to owning the FT, demonstrates the eagerness of cash-rich international investors looking to expand into a financial news landscape dominated by the English language.
