Agence France-Presse reports that Pearson is denying a Bloomberg report that it plans to sell the Financial Times.
AFP reports, “Media wire Bloomberg reported that British media group Pearson was sounding out a private sale and that the company ‘has decided to consider offers for the newspaper this year.’
“Pearson released a statement within an hour, saying it was ‘not in the habit of responding to rumours, speculation or reports about our portfolio.’ It added: ‘However, this particular Bloomberg story is wrong.’ According to reports, Pearson is looking to offload the £1 billion (S$1.95 billion) valued company within months in order to focus on its fast-growing education division.
“Chief Executive Majorie Scardino has said the paper would only be sold ‘over my dead body’ but analysts have been predicting a sale since she announced her retirement on Oct 3.”
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