pearson in talks to sell the economist share
Last Updated : GMT 08:29:21
Arab Today, arab today
Arab Today, arab today

After sold Financial Times to Nikkei

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 may sell its 50% stake in Economist Group
London - Arab Today

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

"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.

Investment company Exor, controlled by the Italian Agnelli family which founded Fiat and owns the Juventus football club, said in a statement that it was "in discussion" to increase its five percent holding in The Economist Group but that any stake would remain below 50 percent.

"Were it to proceed, Exor's increased investment would in any event represent a minority shareholding... reflecting Exor's strong commitment to the editorial independence that lies at the heart of The Economist's ethos and success," the statement said.

The Financial Times cited people familiar with the matter saying The Economist Group stake was valued at £400 million ($620 million, 565 million euros), and reported one source to say an agreement was not imminent but expected over the summer.

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

Together with some former and current Economist employees, the other shareholders -- which include the Schroder, Cadbury and Rothschild families -- 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.
Source: AFP

 

arabstoday
arabstoday

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*

pearson in talks to sell the economist share pearson in talks to sell the economist share

 



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*

pearson in talks to sell the economist share pearson in talks to sell the economist share

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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