One of the world’s most storied business and economic voices is changing hands. The educational conglomerate Pearson PLC announced today that it is selling the Financial Times to Nikkei Inc. for £844,000,000, or nearly $1.3 billion in an all cash transaction. Did Nikkei overpay for Financial Times or did Jeff Bezos steal the Washington Post? While it had financially struggled over the past decade, recently the Financial Times had found its footing. In 2014, FT Group was credited with £334m of sales and £24m of adjusted operating income to Pearson’s bottom line and had gross assets reported at £250m. The agreement…
Financial Times Sold For $1.3 Billion To Japanese Media Conglomerate
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.