The Financial Times has been acquired by Nikkei for $1.3 billion in cash

Pearson has confirmed that it has sold the Financial Times Group to Nikkei for $1.3 billion in cash. In a press release, Pearson’s CEO John Fallon said “Pearson has been a proud proprietor of the FT for nearly 60 years. But we’ve reached an inflection point in media, driven by the explosive growth of mobile and social.” “In this new environment, the best way to ensure the FT’s journalistic and commercial success is for it to be part of a global,...

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