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Financial Times said to be for sale at £1bln

Wed 2012-Nov-7 @ MYT 21:21:24 pm

Any offers?

The Financial Times could be sold by its owners Pearson “within months” in a deal that could see it change hands for more than £1bn, the Telegraph reported yesterday, quoting Bloomberg.

Pearson boss Dame Majorie Scardino once said famously the FT would be sold “over my dead body” but she steps down at the end of the year, and investment bankers and analysts have been predicting the sale since she announced her retirement.

The Financial Times is thought to be worth £1bn, but could be worth as much as £2bn as a “trophy asset”, despite its falling readership, the Telegraph said. Potential bidders include: Michael Bloomberg, the owner of the Bloomberg media group; David Thomson, of Thomson Reuters; and Rupert Murdoch, the boss of News Corporation.
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