Arab Today, arab today pearson in talks to sell the economist share
Last Updated : GMT 06:26:12
Arab Today, arab today
Arab Today, arab today

Pearson in talks to sell The Economist share

Arab Today, arab today

Arab Today, arab today Pearson in talks to sell The Economist share

British publishing company Pearson
London - AFP

British publishing company Pearson said Saturday it was in talks to sell its 50-percent stake in The Economist Group, owner of the prestigious Economist magazine.

"Pearson confirms it is in discussions with The Economist Group Board and trustees regarding the potential sale of our 50 percent share in the Group," a Pearson spokesman said.

The announcement comes just two days after Pearson agreed to sell the Financial Times to Japanese media group Nikkei for £844 million ($1.3 billion, 1.2 billion euros), saying that it wanted to focus solely on the education publishing sector which accounts for most of its business.

The Financial Times cited people familiar with the matter saying The Economist Group stake was valued at £400 million (565 million euros, $620 million).

It said the discussions were with other shareholders in The Economist, which include the Schroder, Cadbury, Rothschild and Agnelli families, and reported one source saying an agreement was not imminent but was expected over the summer.

The other shareholders, together with some former and current Economist employees, can appoint seven of the 13 members of the group's board.

The Economist Group includes The Economist magazine, the Economist Intelligence Unit research company and the US legislative information provider, CQ Roll Call.

Any deal has to be approved by the trustees of the Economist Group, whose role is to preserve the magazine's editorial independence.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pearson in talks to sell the economist share Arab Today, arab today pearson in talks to sell the economist share

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 17:31 2017 Friday ,10 February

Experts warn against negative effects of social media

GMT 10:48 2017 Friday ,10 February

News Corp swings to loss on write-downs

GMT 23:39 2017 Tuesday ,07 February

Editorial: Hopefully not a Franz Ferdinand moment

GMT 23:33 2017 Tuesday ,07 February

Editorial: Welcome back, Oman!

GMT 01:39 2017 Monday ,06 February

German magazine sparks furor
View News in Arabic - Media: صحافة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday