Wed, 07 Nov 2012 | BUSINESS SALE
Pearson has been forced to deny rumours that the Financial Times (FT) is up for sale, following speculation in a recent news report.
Bloomberg had stated that Pearson was planning to explore a sale of the FT in order to focus on the group's faster-growing education business. However, no source could be confirmed for the rumour, with Bloomberg simply stating that “people with knowledge of the situation” had informed them that Pearson was considering a sale.
The possibility that a sale might be on the cards first cropped up with news that Pearson's chief executive, Marjorie Scardino, is to step down in January.
Ms Scardino has always been very keen to defend the FT, noting that it would be sold “over my dead body” so her impending departure has been viewed by some as a chance for a shake-up.
But a Pearson spokesman has come forward to deny the suggestion that a sale is on the cards: “We have said many times that the FT is a valued and valuable part of Pearson. We are not in the habit of responding to rumours, speculation or reports about our portfolio, however this particular Bloomberg story is wrong.”
A number of parties are thought to be interested in snapping up the FT should it hit the market in the future; including the Bloomberg newswire owner and New York mayor, Michael Bloomberg; media mogul Rupert Murdoch, and financial data group Thomson Reuters.
Opportunity to acquire a well-established, highly regarded contract electronics manufacturer offering a full suite of services from PCB assembly to complete product build and testing.
Opportunity to acquire a reputable supplier of healthcare aids with established relationships servicing Social Services, Local Councils, and Hospitals (NHS).
FREEHOLD
Opportunity to acquire a renowned mechanical and electrical company in Hampshire known for its commitment to excellence and industry trust.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.