UK media and education company Pearson Plc’s (LON:PSON) CEO John Fallon told reporters today that the Financial Times is not for sale, denying media speculations about a possible sale of the newspaper.
Fallon stressed that the title is a valuable part of the company and no process or talks about a sale have been initiated.
A spokesman for Pearson said in January, as quoted by the PressGazette, that the company had not commenced a sale process for the Financial Times and had not authorised any party in any way to seek a buyer for the newspaper, refuting an earlier report by The Daily Telegraph.
The Daily Telegraph had reported that Nomura Holdings Inc (TYO:8604) and Bank of America Merrill Lynch were scouting for purchasers for the Financial Times, with news agency Bloomberg being front-runner for the title. The offers sought were reported to be in the range between GBP740m (USD1.1bn/EUR847m) and GBP1bn.