Deals
After Financial Times, Pearson Announces Plans to Sell The Economist Magazine Also
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Pearson Plc moved closer to an exit from business publishing as it announced plans to dispose of its stake in the 172-year-old Economist magazine, just days after the sale of The Financial Times newspaper.
Discussions with The Economist Group’s board and trustees are under way about a disposal of its 50 percent holding in the unit, London-based Pearson said on Saturday. The Economist was among assets that were excluded from a $1.3 billion agreement to divest the FT Group to Japan’s Nikkei Inc. in the same week.