The two leading financial news operations from Europe & Asia are together now, as Nikkei Japanese media group is going to buy the Financial Times from Britain’s Pearson in $1.3 billion.The Financial Times acquisition is a triumph for Nikkei as this is the biggest acquisition ever by any Japanese media organisation. This advantage has brought an opportunity to Nikkei newspaper to expand its readers outside home market. Pearson a 171 year old international media company sold Finicial Term(FT) as it wanted to expand its education business. Pearson owned FT for nearly Sixty years. It should be noted that FT’s acquisition does not include its 50% stakes in The Economist magazine and its headquarters at London.
About Financial Times:
Finicial Term printed its 1st pink paper 127 years ago in 1893.It is one of the world’s leading business news and information organisation that is recognised internationally for its accuracy, authority, and integrity.
About Nikkei:
It is Asia’s largest independent business media group that owns the flagship newspaper Nikkei which has over Three million circulations for its morning edition alone and enjoys a must read reputation for the financial and business news in Japan.Nikkei is involved in other operations from magazines & books to digital media and also operates database services and broadcasting.
Note: The main stock market index in Japan is named after Nikkei.
Japanese media group Nikkei buys Financial Times in $1.3 billion
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