Pearson to seek offers to sell Financial Times this year - media report
REUTERS - Pearson Plc has decided to consider offers for the Financial Times newspaper this year and may seek at least $1 billion, Bloomberg reported, citing people with knowledge of the situation.
Pearson may initiate the sale preparations ahead of the departure of Chief Executive Marjorie Scardino, Bloomberg said. (link.reuters.com/jyb83t)
Scardino last month said she would step down at the end of the year, in a move that could clear the way for the global education and media group to sell the newspaper.
The first female chief executive of a FTSE 100 company had previously declared that the famous pink-paged FT title would be sold "over my dead body".
Potential bidders may include wealthy individuals from Russia, the Middle East or Asia, Bloomberg said.
Bloomberg LP and Thomson Reuters (TRI.N) have also been named as possible suitors.
Pearson has not hired an investment bank, Bloomberg said.
Shares of Pearson closed flat at 1240 pence on the London Stock Exchange on Tuesday. (Reporting by Neha Alawadhi in Bangalore; Editing by Sriraj Kalluvila)
- Tweet this
- Share this
- Digg this
One night in August on the Delhi-Jaipur highway, an angry mob ran amok. The rioters were incensed over an issue arguably as old as India itself: the eating of beef. Perhaps surprisingly in a country where so many people view cows as sacred, India could soon become the world's biggest beef exporter, according to the United States Department of Agriculture (USDA). Full Article
Amount of dirty money leaving developing world jumped 14 pct in 2011 - report. Full Article