ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
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.

     In July, Nikkei agreed to buy all the stocks from Pearson for 844 million pounds ($1.3 billion at the time).

     The two newspapers have a combined circulation of about 2.97 million, more than double that of The Wall Street Journal.

     The Financial Times is known for its extensive global coverage of economic news. A majority of its subscribers are in the U.S. and Europe. It has been a pioneer in digital media, with online users accounting for 70% of its subscribers.

     Nikkei, which has been strengthening its coverage of Asia, has more than 400,000 paid digital subscribers.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media