23rd Jul 2015 10:10
LONDON (Alliance News) - Pearson PLC Thursday confirmed it is in advanced discussions over the potential sale of the FT Group, consisting of the Financial Times, a 50% shareholding in the Economist and a joint venture with Vedomosti in Russia.
However, it provided no details of whom it is in discussions with, and said there can be no certainty these talks will lead to a sale.
"A further announcement will be made if and when appropriate," the company said.
The response follows press speculation from Reuters that Pearson was set to announce a sale of the Financial Times "imminently" to a "global digital news company."
Bloomberg had reported Pearson was exploring a potential sale of the Financial Times on Monday.
Shares in Pearson are trading up 2.6% at 1,240.00 pence Thursday morning, one of the best performers in the FTSE 100.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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