The Financial Times was just sold to Japan’s Nikkei

One of the business-media world’s most-persistent rumors has finally come true: the Financial Times has been sold. The business newspaper’s owner, Pearson, confirmed the sale to Japan’s Nikkei Inc., for £844 million ($1.3 billion) in cash.

Speculation over the sale hit a fever pitch this week, with the FT itself reporting earlier today (paywall) that Germany’s Axel Springer was the preferred buyer. Earlier rumors also put Bloomberg and Thomson Reuters in the frame for the paper...

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Financial Times [+]    Pearson [+]    Japan [+]    Nikkei Inc [+]    Germany [+]    Axel Springer [+]    Bloomberg [+]    Thomson Reuters [+]   

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