Nikkei to Buy FT Group for £844M
Yesterday the Financial Times announced that Nikkei, Japan’s largest media company, will buy FT Group, for £844M. The FT Group, which includes the Financial Times, FT.com and other titles, is being sold by Pearson, a UK-based company that has owned the FT group for 58 years. Axel Springer was also considering the purchase, but it announced yesterday that it was not going to buy the newspaper group. The deal, which is expected to close by the…
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