Japan’s Nikkei Buys FT For £844 Million

Despite fevered speculation, it’s nein from Axel Springer. Market Watch has the scoop:

Japanese financial newspaper Nikkei said Thursday that it is buying Financial Times from U.K. publishing group Pearson PLC for 160 billion yen, or $1.29 billion.

Who are Nikkei? Publisher of Nihon Keizai Shimbun, Japan’s leading financial newspaper, and various TV channels and English language publications. Pearson keep the Economist…

The FT will be looking for a new newsroom…

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