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FINANCIAL NEWS
Abu Dhabi in group eying Financial Times acquistion
30 Jun 2013
(MENAFN) Rupert Murdoch and Abu Dhabi’s state media group are in talks to acquire the Financial Times Group for about $1.2 billion, a report said yesterday. The move would see Murdoch add the respected Financial Times name as well as 50 per cent of the Economist magazine to his vast empire, which already includes the Wall Street Journal and Dow Jones. The Edge Review, a regional political and business digital magazine based in Malaysia, said the talks had been progressing for more than a month with the owners – London-based publishing and education giant Pearson.
Citing financial executives familiar with the negotiations it said a decision could be finalised as early as next week.
As well as the FT and Economist the deal also includes several high-end financial information services.
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