 |
|
Copies of the Financial Times newspaper sit in a rack at a newsstand in London, Britain July 23, 2015..[Photo/Agencies] |
LONDON _ Pearson PLC, the owner of the Financial Times, confirmed Thursday it is in "advanced discussions" about the potential sale of the newspaper.
The company noted recent press speculation about the potential disposal of the FT Group, but added "there is no certainty that the discussions will lead to a transaction."
The statement did not mention potential buyers, saying only that Pearson would make an announcement "if and when appropriate."
Pearson, which counts educational products and services as its core business, acquired the Financial Times in 1957. The FT Group also includes a 50 percent stake in The Economist magazine.
The company is an international leader in educational publishing and is believed to want to focus more into that sector.
Pearson's share price was up 2.5 percent in late-morning trading in London.
The group is due to publish half-year results Friday.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
