Is the Financial Times really for sale this time?

Tue, 21 Jul 2015 | BUSINESS SALE

Sale rumours have circulated around the Financial Times before, but this time they might just become more than rumours.

A report published by Bloomberg on Monday 20 July 2015 indicated that Pearson PLC, the company behind the business paper, is said to be exploring a sale of the Financial Times.

People familiar with the matter told Bloomberg that Pearson has received interest from potential buyers and is now looking at the viability of a deal. Two of the sources, who wished to remain anonymous due to the confidential nature of the discussions, said that a sale of the paper could value it at as much as £1 billion.

In a phone interview with Bloomberg, Alex DeGroote, an analyst with Peel Hunt, said that the suggested price was an “extraordinary valuation”, adding that if Pearson manage to get £1 billion for the paper, he will “eat his hat”.

While the rumoured valuation might be a little high, the paper is certainly something of a trophy brand and Pearson are unlikely to sell it without some serious consideration.

Digital publishing giant Axel Springer is among those suggested to be interested in buying the Financial Times.

This is not the first time that a sale has been on the cards – back in 2005, Pearson were under pressure from shareholders and analysts suggested that a sale of the paper could net them somewhere in the region of £700 million.

Then in 2012, Bloomberg once again stated that Pearson were considering exploring a sale of the paper to enable Pearson to shift its focus onto its education businesses. The departure of the then chief executive Marjorie Scardino was cited as a potential catalyst for a sale as Scardino had always rejected outright the possibility of a sale.

The salmon-coloured paper is a top quality business daily and has been published for the past 127 years.


View other businesses for sale


Share this article



Latest Businesses for Sale

Recruitment Agency (Fast Sale)
North West, UK

Indicative offers are required by 12:00hours on Monday 20 January 2020 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of a Company that trades as a recruitment...

Asking Price: Offers Invited
Turnover: £2,400,000

LEASEHOLD


Commercial Contractor (Fast Sale)
Midlands, UK Wide

Offers and proof of funding sought by 17:00hours on Friday 24 January 2020. The Joint Administrators are seeking parties interested in the business and assets of a commercial contractor business based in the Midlands.

Asking Price: Offers Invited
Turnover: £3,400,000

Hospitality Industry Recruitment Specialist
UK Wide

Provides highly skilled and professional hospitality staff across a variety of sectors. Recognised as both a preferred and top tier supplier for several of its prestigious clients. Supplying both temporary and permanent Nationwide staffing solutions....

Asking Price: Offers Invited
Turnover: £3,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Jan
 

Sample book and shade card manufacturer acquired from administration | BUSINESS SALE

The business and assets of Yorkshire-based display products ...

 
16
 
Jan
 

Northgate and Redde shareholders approve merger | MERGER

The proposed merger of listed companies Northgate and Redde ...

 
15
 
Jan
 

SSE sells retail business to OVO Energy | DIVISION SALE

Power utility SSE has announced it has completed the sale of...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
21
 
Dec
 

Barclays sells indices and analytics business | BUSINESS SALE

Barclays has confirmed that it has sold its risk analytics a...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources