The Financial Times and The Economist were sold to help Pearson’s push into education become “one of the great global growth stories of the next decade,” the company’s CEO told CNBC.» Read More
European equities ended trade mixed on Wednesday as investors digested mixed earnings, ahead of an ECB meeting on Thursday.
The company, owned by private equity firm Apollo Global Management LLC, did not name the underwriters for the IPO in its filing with the U.S. Securities and Exchange Commission. Reuters reported earlier this week that McGraw-Hill Education has hired Credit Suisse Group AG and Morgan Stanley to lead the IPO, expected to value the company at between $5 billion and...
The company, owned by private equity firm Apollo Global Management LLC, did not name the underwriters for the IPO in its filing with the U.S. Securities and Exchange Commission. Reuters reported earlier this week that McGraw-Hill Education had hired Credit Suisse Group AG and Morgan Stanley to lead the IPO, which was expected to value the company between $5...
WASHINGTON, Sept 2- Japan's Nikkei media group won U.S. antitrust approval for its $1.3 billion purchase of the Financial Times from Britain's Pearson PLC, the Federal Trade Commission said on Wednesday. The transaction was on the list of deals that the FTC and Justice Department granted "early termination," essentially quick antitrust approval.
Alex DeGroote, media analyst at Peel Hunt, discusses Pearson, which has sold its stake in The Economist Group.
Bob Parker, senior investment, strategy and research adviser at Credit Suisse, talks about whether investors should re-enter the media sector following Pearson's decision to sell its stake in The Economist.
Pearson's stake in The Economist expected to be sold this week.
European stock closed lower on Monday, after a sharp selloff in Asian shares highlighted concerns about Chinese market volatility and slowing growth.
Some of the names on the move ahead of the open.
Pearson is in talks to sell its 50 percent stake in The Economist to the other shareholders, with one confirming it wants to increase its stake.
European stocks finished off Friday in the red, following a volatile five days of mixed earnings and a sell-off in commodities.
On the surface it looks like a good bit of business, but media-watchers have mixed feelings about Nikkei's swoop on the FT.
Tsuneo Kita, Chairman of Nikkei, says the Financial Times has won trust of global readers and the Nikkei wants to help boost that brand.
CNBC's Catherine Boyle says it would be hard for Pearson Group to turn down such an offer from Nikkei on the FT Group.
Jonathan Helliwell, media analyst at Panmure Gordon, says Pearson's sale of the Financial Times Group was a good business move.
Company increases dividend and confirms guidance after first-half operating profit dipped, partly on the timing of textbook adoption in the US.
July 24- Nikkei's $1.3 billion purchase of the Financial Times from Britain's Pearson PLC marks the culmination of decades of attempts by the Japanese household name to break into mainstream English-language media. The Nikkei Weekly newspaper continued but was rebranded, along with the corresponding website, as the Nikkei Asian Review in 2013, adopting a...
European stocks ended lower on Thursday, after a flurry of corporate earnings came out from across the region.
Ian Whittaker, head of media research at Liberum Capital, discusses Pearson's decision to sell the Financial Times Group to Nikkei.
Nikkei, the Japanese media company, has trumped Germany’s Axel Springer, in a tussle to buy the FT Group from Pearson for £844m, the FT reports.