20th Jul 2015 13:35
LONDON (Alliance News) - Pearson PLC is exploring the potential sale of the Financial Times after receiving interest from potential buyers, Bloomberg reported on Monday, citing people familiar with the matter.
A sale may value the business at as much as GBP1 billion, the report said. Whilst no formal process is under way, according to Bloomberg's sources, the Financial Times might draw interest from the likes of Alex Springer SE, as well as investors in Europe, the Middle East and Asia.
A spokesperson for Pearson said the company had "no comment" on market rumours.
Shares in Pearson are trading down 0.2% at 1,273.00 pence Monday afternoon.
http://www.bloomberg.com/news/articles/2015-07-20/pearson-said-to-explore-sale-of-financial-times-after-approaches
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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