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Japan's Nikkei buys Financial Times in $1.3 billion deal
Source: Reuters
Japanese media group Nikkei on Thursday agreed to buy the Financial Times from Britain's Pearson (PSON.L) in a $1.3 billion deal that brings together two leading financial news organizations from Europe and Asia.
The sale of the FT Group does not include its 50 percent stake in The Economist magazine or the London headquarters of the newspaper on the banks of the River Thames.
In a joint statement, Pearson said it had agreed to sell the FT Group to Nikkei for $1.3 billion in cash. Its shares were up 2.3 percent at 1040 EDT.
Read more: http://www.reuters.com/article/2015/07/23/us-pearson-m-a-financialtimes-idUSKCN0PX0YM20150723
Another HUGE biz purchase for CASH.
