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Friday, January 19, 2007

FT For Sale

It is reported that the Financial Times (FT), or the "Pink 'Un" as it is known by those who work in the City, is up for sale.

Pearson, its owner, is reportedly looking for around £650M for the paper and its associated website.

The FT is now profitable, and 2006 year end figures are expected to show profits of around £10M.

It is rumoured that the US firm, Kohlberg Kravis Roberts may be interested buying the FT.

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