Wed, 07 Nov 2012 | BUSINESS SALE
Pearson has been forced to deny rumours that the Financial Times (FT) is up for sale, following speculation in a recent news report.
Bloomberg had stated that Pearson was planning to explore a sale of the FT in order to focus on the group's faster-growing education business. However, no source could be confirmed for the rumour, with Bloomberg simply stating that “people with knowledge of the situation” had informed them that Pearson was considering a sale.
The possibility that a sale might be on the cards first cropped up with news that Pearson's chief executive, Marjorie Scardino, is to step down in January.
Ms Scardino has always been very keen to defend the FT, noting that it would be sold “over my dead body” so her impending departure has been viewed by some as a chance for a shake-up.
But a Pearson spokesman has come forward to deny the suggestion that a sale is on the cards: “We have said many times that the FT is a valued and valuable part of Pearson. We are not in the habit of responding to rumours, speculation or reports about our portfolio, however this particular Bloomberg story is wrong.”
A number of parties are thought to be interested in snapping up the FT should it hit the market in the future; including the Bloomberg newswire owner and New York mayor, Michael Bloomberg; media mogul Rupert Murdoch, and financial data group Thomson Reuters.
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