Thursday’s surprise announcement by Nikkei Inc. that it’s buying the London-based FT Group, one of the world’s most respected and influential media groups, immediately raised questions about whether the Japanese company can successfully manage such a highly regarded news company.
The Nikkei group, Japan’s most powerful financial media group, said it will buy the Financial Times publisher from Pearson PLC for about ¥160 billion ($1.3 billion) by procuring all outstanding stocks.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
PHOTO GALLERY (CLICK TO ENLARGE)
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.