Nikkei agrees to buy FT for $1.3b

Japanese media company Nikkei agrees to buy the FT as Pearson focuses on education business. The deal excludes Pearson’s 50% stake in The Economist Group.

Japanese media company Nikkei has agreed to buy the FT from education company Pearson for £844 million ($1.3 billion) at a time when media companies globally are going through unprecedented upheaval. 

¬ Haymarket Media Limited. All rights reserved.

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