Bloomberg Weighs Making Bid for The Financial Times

December 10, 2012

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Not long ago, The Financial Times would have been the crown jewel of any media company, instantly conferring prestige and influence on its owner. Now, given the likely bidders, one of the world’s most respected and distinctive financial newspapers could end up as a trophy to help sell more computer terminals.

Michael R. Bloomberg is weighing the wisdom of buying The Financial Times Group, which includes the paper and a half interest in The Economist, according to three people close to Mr. Bloomberg who spoke on the condition of anonymity to divulge private conversations.

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Source: New York Times

Companies Mentioned:

Financial Times

Pearson Company

The Economist Group

People Mentioned:

Michael R. Bloomberg

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