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Financial Times Owner Pearson Nears Sale of Newspaper Group

The headquarters of the Financial Times newspaper in London.

The headquarters of the Financial Times newspaper in London.

Photographer: Chris Ratcliffe/Bloomberg
Updated on

Pearson Plc said it’s in advanced talks to sell the FT Group, which owns publications including the Financial Times newspaper and a stake in the Economist magazine.

German media group Axel Springer SE is among parties talking to Pearson, according to people familiar with the matter. No final decision has been made, the people said. Springer may reach a deal with Pearson in the coming hours, Der Spiegel reported, citing people it didn’t identify.