Pearson says in talks to sell its 50% stake in The Economist

Pearson is in the process of selling the FT Group, including the newspaper, to the Nikkei Group of Japan

Financial Times. Photo: Reuters
APPTI London
Last Updated : Jul 25 2015 | 6:09 PM IST
The Financial Times reports that its parent company, Pearson PLC, is in talks to sell its 50 percent stake in the Economist magazine.

The FT said today its report was based on people familiar with the negotiations.

Potential buyers of the Economist Group are not named. Pearson is in the process of selling the FT Group, including the newspaper, to the Nikkei Group of Japan. The deal was announced Thursday.

The company has said it wants to focus on its education business.

Pearson acquired its stake in the Economist in 1957 as part of its acquisition of the FT. The paper says a sale of the Pearson stake would have to be approved by the Economist Group trustees.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 25 2015 | 5:57 PM IST

Next Story