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Business

Nikkei completes acquisition of Financial Times

The Financial Times logo is displayed outside the newspaper's London headquarters.

TOKYO -- Nikkei Inc. said on Monday it had completed the acquisition of the Financial Times from Pearson, the U.K.-based education and publishing giant, becoming the world's largest business media group by number of subscribers.

     Nikkei, publisher of Japan's leading business daily -- The Nikkei -- said it had purchased all the shares in Financial Times Group as of Monday after receiving approval from antitrust authorities in the U.K., the U.S. and other countries. Nikkei also completed the necessary contract procedures with Pearson.

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