Tag: Financial Times

• Thursday, August 13th 2015 - 07:40 UTC

  The Economist group strengthens independence through share buy-back

  

  The Economist Group announced on 12 August 2015 that it will buy back 5.04m ordinary shares (20% of total share capital) from Pearson plc for £182m. Pearson’s remaining shares in the Group will be acquired by Exor for £287m, including all of its 1.26m B shares and 6.3m ordinary shares (30% of total share capital).<br />
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• Monday, July 27th 2015 - 11:58 UTC

  Pearson prepared to sell 50% stake in The Economist; deal should be over b by end of summer

  

  Publishing company Pearson has confirmed plans to sell its 50% stake in the Economist Group. The statement from the firm came just days after it announced the sale of the Financial Times to Japan's Nikkei.

• Friday, July 24th 2015 - 10:15 UTC

  Japan's largest media company buys the Financial Times in a £844m deal

  

  Nikkei, Japan’s largest media company, is to buy the FT Group from Pearson for £844m, after stunning its rival bidder Germany’s Axel Springer with an eleventh hour offer for the London-based global news organisation. The deal marks the end of an era, bringing the curtain down on Pearson's 58 year ownership of the Financial Times at a time of upheaval in the global media industry.