PUBLISHING giant Pearson is set to explore the sale of the Financial Times, according to reports.
The company, which also has a large stake in the world’s biggest book publisher, Penguin Random House, is exploring the option after receiving interest from potential buyers, sources familiar with the matter told Bloomberg.
A sale may value the business at as much as £1bn, two of the people said.
While there is no formal process under way, the Financial Times may draw interest from media companies such as Axel Springer as well as investors in Europe, the Middle East and Asia, the people said.
Pearson and Axel Springer declined to comment.