Bloomberg : Pearson Explores Sale Of Financial Times

(RTTNews) - Pearson Plc (PSO, PSON.L) is exploring a sale of the Financial Times after receiving interest from potential buyers, Bloomberg reported citing people familiar with the matter.

The report noted that Pearson is sounding out possible bidders for the salmon-colored newspaper. A sale may value the business at as much as 1 billion pounds or $1.6 billion.

While there is no formal process under way, the Financial Times may draw interest from media companies such as Axel Springer SE as well as investors in Europe, the Middle East and Asia, the report said quoting the people.