Storied Asset Sales: Valuing and Pricing Trophy Asset

Storied Asset Sales: Valuing and Pricing Trophy Asset

[buffett]

Pearson PLC, the British publishing/education company, has been busy this summer, shedding itself of its ownership in two iconic media investments, the Financial Times and the Economist. On July 23, 2015, it sold its stake in the Financial Times for $1.3 billion to Nikkei, the Japanese media company, after flirting with Bloomberg, Reuters and Axel Springer. It followed up by selling its 50% stake in the Economist for $738...

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