2015.07.24 Nikkei acquires the Financial Times

Nikkei Inc. has agreed to acquire all the shares in Financial Times Group from U.K. education company Pearson for 844 million pounds ($1.3 billion).Nikkei and Pearson anounced on July 23,2015.By integrating the time-honored FT brand into the group, Nikkei aims to advance its global and digital growth strategy.

The price includes FT's cash holdings of 19 million pounds, so Nikkei will pay 825 million pounds. It will be one of the largest-ever acquisitions by a Japanese media company.The FT was established in 1888. It is one of the most influential business media companies in the world.