You will be redirected back to your article in seconds

Financial Times Sold to Japan’s Nikkei for $1.3 Billion

U.K. publisher Pearson has sold the Financial Times Group to Japan’s Nikkei Inc. for £844 million (approximately $1.3 billion) in cash.

Pearson said on Thursday that it will now be completely focused on its educational publishing business.

“We’ve reached an inflection point in media, driven by the explosive growth of mobile and social,” said Pearson’s chief executive John Fallon. “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, digital news company.”

It was reported earlier today that the British publisher, which has owned the Financial Times for almost 60 years, was in advanced negotiations to sell the Financial Times to an unnamed global, digital news company.

Bloomberg, Thomson Reuters and Germany’s Axel Springer were among the buyers thought to be interested.

“Our motto of providing high-quality reporting on economic and other news, while maintaining fairness and impartiality, is very close to that of the FT,” said Tsuneo Kita, chairman and Group CEO of Nikkei. “We share the same journalistic values.”

The circulation of the Financial Times, which was first published in 1888, was almost 720,000 across print and online last year.

More Biz

  • Jennifer Lawrence

    Third Hacker Pleads Guilty in Celebgate Photo Leak

    U.K. publisher Pearson has sold the Financial Times Group to Japan’s Nikkei Inc. for £844 million (approximately $1.3 billion) in cash. Pearson said on Thursday that it will now be completely focused on its educational publishing business. “We’ve reached an inflection point in media, driven by the explosive growth of mobile and social,” said Pearson’s […]

  • Brit Marling Harvey Weinstein

    Actress Brit Marling Alleges Harvey Weinstein Suggested They Shower Together

    U.K. publisher Pearson has sold the Financial Times Group to Japan’s Nikkei Inc. for £844 million (approximately $1.3 billion) in cash. Pearson said on Thursday that it will now be completely focused on its educational publishing business. “We’ve reached an inflection point in media, driven by the explosive growth of mobile and social,” said Pearson’s […]

  • Eric Schneiderman

    New York Attorney General Launches Investigation Into Weinstein Co.

    U.K. publisher Pearson has sold the Financial Times Group to Japan’s Nikkei Inc. for £844 million (approximately $1.3 billion) in cash. Pearson said on Thursday that it will now be completely focused on its educational publishing business. “We’ve reached an inflection point in media, driven by the explosive growth of mobile and social,” said Pearson’s […]

  • Sad daughter of unemployed Tennessee coal

    Harvey Weinstein Is a Monster of Hollywood's Own Making. What Are We Going to Do About It?

    U.K. publisher Pearson has sold the Financial Times Group to Japan’s Nikkei Inc. for £844 million (approximately $1.3 billion) in cash. Pearson said on Thursday that it will now be completely focused on its educational publishing business. “We’ve reached an inflection point in media, driven by the explosive growth of mobile and social,” said Pearson’s […]

  • STEPHEN RUSSO

    Columbia Records Promotes Stephen Russo to Executive Vice President

    U.K. publisher Pearson has sold the Financial Times Group to Japan’s Nikkei Inc. for £844 million (approximately $1.3 billion) in cash. Pearson said on Thursday that it will now be completely focused on its educational publishing business. “We’ve reached an inflection point in media, driven by the explosive growth of mobile and social,” said Pearson’s […]

  • ATT Time Warner

    AT&T Extends Time Warner Deal Termination Date, Awaiting DOJ Approval

    U.K. publisher Pearson has sold the Financial Times Group to Japan’s Nikkei Inc. for £844 million (approximately $1.3 billion) in cash. Pearson said on Thursday that it will now be completely focused on its educational publishing business. “We’ve reached an inflection point in media, driven by the explosive growth of mobile and social,” said Pearson’s […]

  • BYU Broadcasting to Streamline TV and

    BYU Broadcasting to Streamline TV and Radio Operations, Boost BYUtv Distribution

    U.K. publisher Pearson has sold the Financial Times Group to Japan’s Nikkei Inc. for £844 million (approximately $1.3 billion) in cash. Pearson said on Thursday that it will now be completely focused on its educational publishing business. “We’ve reached an inflection point in media, driven by the explosive growth of mobile and social,” said Pearson’s […]

More From Our Brands

Access exclusive content