Pearson, the international media company, today announces that it has decided to retain FT Business as part of the Financial Times Group.
Pearson received many expressions of interest in FT Business and, as a result, retained Lazard to advise it on strategic options for the company. Pearson has now concluded that FT Business is worth more as part of the FT Group than potential bidders were prepared to pay.
FT Business publishes magazines about the retail, personal and institutional finance industries including Investors Chronicle, The Banker, Money Management and Financial Adviser.
Luke Swanson + 44 (0) 20 7010 2313