January 21, 2013

Despite months of denial by its parent company Pearson, The Financial Times is being touted for sale by investment banks Nomura and Bank of America Merrill Lynch. The financial publication, which includes a metered paywall site, is priced at £740 million to £1 billion, 37 times the publication’s projected earnings before interest, taxation and depreciation. But other estimates have valued the site at around £500 million. Some of the banks are also stating that the sale would…