Financial Times Parent Sells to Nikkei For $1.3 Bil

Japanese publisher Nikkei agreed to acquire Pearson's FT Group for 844 million pounds ($1.3 billion) to gain control of the Financial Times newspaper. The sales doesn't include Pearson's 50% stake in the Economist Group and some London property, Pearson said Thursday. Axel Springer, publisher of Germany's Bild-Zeitung tabloid, was also in talks over the assets, according to people familiar with the matter. "We've reached an

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