Bloomberg Originals
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Nikkei Buys the Financial Times for $1.3 Billion
Posted
July 24, 2015
Views
4,922
Likes
35
Comments
4
Engagement
0.79%
July 24, 2015
4,922
35
4
0.79%
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1:58Now PlayingJuly 24 -- Japan’s biggest financial news publisher has surprised the media world by bagging the Financial Times and doing so at quite a premium to recent newspaper deals. Nikkei Inc., whose flagship Nihon Keizai Shimbun is Japan’s leading business daily, is paying $1.3 billion to Pearson Plc to buy the FT Group, which owns the salmon-hued paper with an editorial team of roughly 500 journalists in more than 50 locations around the world.
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