USEUROPEAFRICAASIA 中文双语Français
Home / World

Bloomberg considers buying Financial Times

By Reuters in New York | China Daily | Updated: 2012-12-11 07:51

New York City Mayor Michael Bloomberg is weighing whether to make a bid for The Financial Times Group, which includes the namesake paper and a half interest in The Economist magazine, the New York Times reported, citing three people close to the majority owner of Bloomberg LP.

Pearson Plc, the publisher of FT, is about to lose two of its top executives, raising speculation the paper could be up for sale.

Analysts value The Financial Times Group at about $1.2 billion, well within the reach of Bloomberg LP, which in 2011 had revenue of $7.6 billion, the paper said.

Bloomberg considers buying Financial Times

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US