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  • London: Pearson to sell FT to global media company

    British publisher Pearson (PSON.L) has decided to sell the Financial Times to a "global, digital news company" after owning the business newspaper for nearly 60 years, a person familiar with the deal said on Thursday.

    Pearson, which has become the world's leading education provider, later confirmed that it was in advanced discussions regarding a potential disposal of FT group, which includes the pink-paged paper, its website and its share in the Economist, but declined to provide further details.

    Analysts and investors have long expected the 171-year-old Pearson to sell the FT at some point, after it changed strategy to focus on education.