Pearson to sell Financial Times



Pearson announced today that they will sell their 60 years old stake in Financial Times to Asian media giant Nikkei Inc. The news came in as Pearson announces that they have lost focus with Financial Times and that the direction of the company currently is spear headed by their education and book arm. The sell of this prestigious newspaper company settled at £844million (RM4.47billion).

As for Nikkei, this is another classic example of Asian entity willing to buy a branded Western entity which is debatable whether still or no longer relevant for the future world.