European stock closed lower on Monday, after a sharp selloff in Asian shares highlighted concerns about Chinese market volatility and slowing growth.» Read More
LONDON— An Italian investment group owned by the Agnelli family has confirmed it is in talks with Pearson PLC to increase its stake in the Economist Group. Exor S.p.A., which has been a shareholder in the business since 2009, said the discussions also include the Economist Group's trustees, who would have to approve any sale. Exor, which owns just under 5 percent of...
LONDON— The Financial Times reports that its parent company, Pearson PLC, is in talks to sell its 50 percent stake in the Economist magazine. The report says the talks involve other shareholders in the Economist Group. Pearson is in the process of selling the FT Group, including the newspaper, to the Nikkei Group of Japan.
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...
TOKYO— Nikkei Inc., the Japanese buyer of the Financial Times, pledged Friday to respect the culture of the London- based business daily, while also tapping its digital expertise and global reach. Nikkei is Nikkei, "said Naotoshi Okada, the president and CEO of Nikkei Inc., which publishes a namesake newspaper that's the top business daily in Japan.
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.
Pearson is in advanced talks to sell the FT Group to Germany's biggest newspaper company Axel Springer, the Financial Times reported.
LONDON— Japanese media company Nikkei Inc. is buying the Financial Times as part of an 844 million-pound deal with Britain's Pearson PLC. As part of the deal, Pearson has agreed to sell the vast majority of the assets in FT Group, including the Financial Times newspaper and the popular FT.com. However, Pearson will retain its 50 percent stake in The Economist Group...
British publishing company Pearson is exploring the sale of its financial newspaper, The Financial Times, Bloomberg reported.
The company's owner, private equity firm Apollo Global Management LLC, has held talks with investment banks about the IPO, though their underwriter roles will not be finalized before the summer, four people said this week. It competes with Pearson Plc and Cengage Learning Inc, and, like its peers, has sought to make most of its offerings available on the Internet as...
Controversy around Common Core hasn't stopped companies like Pearson, McGraw-Hill and Apple from cashing in on huge education contracts.
European equities seesawed before finishing higher on Friday, but looked to close out the trading month with gains of over 6 percent.
European markets closed higher on reports that the ECB is set to buy around 50 billion euros per month of government bonds for around a year.
The debate against Common Core is moving into the state legislatures, even as more parents plan to opt out of spring tests.