Potential buyer for The Financial Times
Terry Smith, who heads a brokerage firm in England, is interested in leading a bid to buy the business newspaper should it come up for sale, according to an article in The Observer, another British newspaper, on Sunday.
The Observer wrote: “Smith’s interest in the FT comes at a time when Pearson and its chief executive Marjorie Scardino are under mounting City pressure to sell the paper and other assets to release value to investors.
“In an exclusive interview with The Observer, Smith says that if his clients – big City investment institutions – wanted him to lead a bid, he would consider it. He says: ‘If they wanted me to do it on their behalf, sure, why not?'”
Read the entire article here. The owners of the Financial Times have said that the newspaper is not for sale.