WAN-IFRA

A publication of the World Editors Forum

Date

Wed - 20.08.2014


Mergers & Acquisitions

A £1bn sale of the Financial Times is under active consideration, Bloomberg said today – only for the story to be immediately denied by its owner. 

Pearson, the FTSE 100 media group, issued a statement in response to the article saying that, though ‘not in the habit of responding to rumours, speculation or reports about our portfolio’, it was obliged to point out that ‘this particular Bloomberg story is wrong.’ Dame Majorie Scardino, the outgoing chief executive of Pearson, once said famously that the FT would be sold ‘over my dead body’ but her impending departure from the company in January lends added credence to the report, as does the fact that the story comes just weeks after Pearson agreed to merge Penguin with Bertelsmann’s Random House in a deal to create the largest book publisher in the US and the UK. 

Author

Frederick Alliott's picture

Frederick Alliott

Date

2012-11-07 17:46

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