Nikkei buys the Financial Times for $1.29 billion

Update 10:30 a.m.: Pearson announced that it has sold the Financial Times to Japanese financial newspaper Nikkei for $1.29 billion, Politico reports. German publisher Axel Springer had also reportedly been in talks to buy the publication.

We previously noted that London-based publisher Pearson confirmed Thursday that it was in "advanced talks" about selling the Financial Times newspaper. While Pearson didn't identify the potential buyer, a source told Reuters that the group was planning to...

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