Nikkei pays £844 million in cash for the Financial Times Group

Fri, 24 Jul 2015 | BUSINESS SALE

Japanese media firm Nikkei has stepped in to buy the Financial Times Group from Pearson for £844 million in cash.

Rumours surrounding Pearson's possible sell off of the newspaper surfaced on Monday with whispers of a £1 billion price tag, leading Peel Hunt analyst Alex DeGroote to remark that he would “eat his hat” if the “extraordinary valuation” was met.

Former Financial Times editor Richard Lambert told the BBC World Service that the news of the buyer came as a surprise.

He said: “Nikkei only came into the frame, as I understand it, fairly recently. Those that were interested in it were expecting Axel Springer to be the buyer, but clearly Nikkei came with a knock-out punch.”

Nikkei clearly feels there are synergies between the two groups. Its head Tsuneo Kita spoke of his pride in the team-up.

“Our motto of providing high-quality reporting on economic and other news, while maintaining fairness and impartiality, is very close to that of the FT.”

For its cash purchase Nikkei is taking on the Financial Times daily paper, and a handful of other business-related publications including the Banker, MandateWire, Medley Global Advisors and Investors Chronicle.

Launched in 1888 the Financial Times' paid print and digital circulation stands at 720,000, with 70 per cent of its readers coming through its website. Digital subscriptions crept ahead of print circulation in 2012.

Our coverage of this story on Tuesday - Is the Financial Times really for sale this time?


Share this article



Latest Businesses for Sale

Plumbers Merchant & Large Bathroom Showroom
Colchester, Essex, South East, UK

With a good level of net profit available and a fantastic reputation, this is an ideal opportunity for an entrepreneur with industry expertise, or a competitor looking to grow through acquisition, to own a successful business with further growth pote...

Asking Price: Offers Invited
Turnover: £970,757

LEASEHOLD


Driving School
Silverstone, Northamptonshire, UK Wide

The long-standing business offers a wide range of services including prestigious, advanced rally driving lessons as well as entertaining rally days out, rally courses, junior rally driving experiences and professional rally driver training based in t...

Asking Price: £350,000
Turnover: £300,000

LEASEHOLD


Manufacturing Company
West Midlands, UK

The business for sale is an established company specialising in the design and manufacture of modular ballast support systems/ access solutions for the HVAC and Renewable energy industries. The flat roof framework system is fully adjustable and can b...

Asking Price: Offers Invited
Turnover: £614,931

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

 
18
 
Feb
 

Subprime lender Amigo launches sale process | BUSINESS SALE

UK subprime lender Amigo has announced that it is in talks w...

 
14
 
Feb
 

Leicester printing firm enters administration | ADMINISTRATION

Long-established Leicester printing firm Taylor Bloxham Grou...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
26
 
Jul
 

Pearson sells Financial Times with Economist next on the block | BUSINESS SALE

Considering how long suitors like Bloomberg and Axel Springe...

 
21
 
Jul
 

Is the Financial Times really for sale this time? | BUSINESS SALE

Sale rumours have circulated around the Financial Times befo...

 
30
 
Jul
 

Pearson puts Mergermarket up for sale | DIVISION SALE

Mergermarket, the Pearson-owned platform releasing forward-f...

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