Wednesday, November 7, 2012

Pearson Might Sell 'FT'

Pearson reportedly puts 'FT' on the block: Pearson is exploring a sale of the Financial Times, according to reports. Bloomberg said Pearson may initiate sale preparations ahead of the retirement of Marjorie Scardino, who is stepping down as CEO in January.
According to the Guardian, the FT has denied that it is for sale.
Pearson has been focusing on building its education and professional businesses via acquisitions. In the past 12 months, the company has made 10 acquisitions in the education sector for a total of $1.2 billion.