Nikkei buys the Financial Times for $1.29 billion

London-based publisher Pearson confirmed Thursday that it is in "advanced talks" about selling the Financial Times newspaper, Reuters reports. While Pearson didn't identify the potential buyer, a source told Reuters that the group was planning to sell the business journal and website to a "global, digital news company." A potential sale has previously been linked to Axel Springer, Thomson Reuters, and Bloomberg, The Guardian reports, and could fetch up to $1 billion. 

Update 10:30 a.m.: 

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