Mayor Bloomberg has an eye on the FT
Tuesday 11 December 2012
Michael Bloomberg, the billionaire Mayor of New York, is considering whether to make a bid for the Financial Times, amid renewed speculation that the paper's owner, Pearson, will be ready to sell soon.
The New York Times quoted three people close to the mayor, the founder of the financial news and information giant Bloomberg.
But there are also said to be senior figures within the Bloomberg group who are sceptical about buying the FT and reckon it should instead buy a digital brand such as the job-networking website LinkedIn.
Some analysts reckon the FT Group, which also includes a half-stake in The Economist, could be worth as much as £1bn.
Speculation about a sale is growing because Pearson's chief executive, Dame Marjorie Scardino, and the FT Group CEO, Rona Fairhead, are both stepping down.
Robin Freestone, Pearson's chief financial officer, said last month: "Are we the best owners for it? So far the answer is yes. That could change."
- 2 Moscow voted the world's unfriendliest city
- 3 The excuses your boss is most likely to believe when you call in sick
- 4 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 5 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
The one chart that shows how George Osborne is almost certainly going to be our next Prime Minister
The excuses your boss is most likely to believe when you call in sick
Bono's group has made more money from Facebook investment than from all his music
Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
Wikipedia rocked by 'rogue editors' blackmail scam targeting small businesses and celebrities
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don’t change Europe’s attitude to refugees, what will?
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
iJobs Money & Business
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...
Voluntary and unpaid, reasonable expenses reimbursable: Reach Volunteering: St...