Axel Springer Not Buying FT Group
July 23 2015 - 10:44AM
Dow Jones News
By Neetha Mahadevan
FRANKFURT--German publisher Axel Springer SE (SPR.XE) said
Thursday it is not acquiring FT Group from British publisher
Pearson PLC (PSON.LN), following reports of advanced talks between
the companies.
Earlier Thursday, Pearson said it is in advanced talks over the
potential sale of FT Group, which includes the Financial Times
newspaper, but didn't say who it was in talks with.
Pearson added there was no certainty that the discussions would
lead to a transaction, both the Financial Times itself and the
website of Spiegel magazine reported Thursday afternoon that Axel
Springer was the prospective buyer.
Write to Neetha Mahadevan at Neetha.Mahadevan@wsj.com
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