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Nikkei to Buy Pearson's FT for $1.3 Billion

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Pearson to Sell FT to Nikkei for $1.3B

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After almost six decades of stewardship of one of Britain’s most storied institutions -- the Financial Times -- Pearson Plc is selling the business daily to Japan’s biggest financial news group.

The London-based publishing company on Thursday said Nikkei Inc. had agreed to buy the paper, known for its salmon-hued pages and trenchant analysis of the global economy.