Pearson says to sell Financial Times to Nikkei

Pearson says to sell Financial Times to Nikkei
Copies of the July 23, 2015 edition of the Financial Times newspaper in London on July 23, 2015.

LONDON - British publisher Pearson on Thursday said it had agreed to sell its flagship business daily the Financial Times to Japanese media group Nikkei.

Pearson said it was selling FT Group, which includes also, for £844 million (S$1.78 billion) in cash.

The agreement does not include FT Group's 50-percent stake in The Economist Group, owner of The Economist magazine.

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