The acquisition of Britain's Financial Times Group by Japan's Nikkei group, officially concluded Monday, has created one of the world's largest business media groups. The deal, worth 844 million pounds ($1.3 billion), is aimed at advancing Nikkei's global and digital growth strategy by integrating the FT's powerful brand into the group.
Nikkei made its first move aimed at a partnership with the FT three years ago, when then President Tsuneo Kita, who is now chairman of the Japanese media group, wrote to an executive of Pearson, the U.K.-based education and publishing giant and then parent of the FT.
