23rd Jul 2015 09:54
LONDON (Alliance News) - Pearson PLC is set to announce imminently that it has agreed a deal to sell the Financial Times newspaper to a "global digital news agency".
Reuters has yet to provide any further information on the story.
The news following a report by Bloomberg on Monday that Pearson was exploring the sale of the newspaper, with a value of up to around GBP1 billion put on the business.
A spokesman for Pearson wasn't immediately available for comment.
Pearson shares were up 1.8% at 1,231.00 pence on the news.
By Sam Unsted; [email protected]; @SamUAtAlliance
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