Financial Times reports Germany's Springer to buy FT Group

Image
Reuters LONDON
Last Updated : Jul 23 2015 | 6:57 PM IST

LONDON (Reuters) - British publishing group Pearson is in advanced talks to sell the FT Group to Germany's biggest newspaper company Axel Springer, the Financial Times newspaper reported on Thursday.

The FT cited several people familiar with the situation as confirming the likely buyer.

Reuters reported earlier on Thursday that Pearson was close to announcing a sale.

(Reporting by Kate Holton; editing by William Schomberg)

*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 23 2015 | 6:52 PM IST

Next Story