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Pearson Said Exploring Financial Times Sale as CEO Leaves

November 8, 2012
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Pearson Plc (PSON) is planning to explore a sale of the Financial Times newspaper as the company focuses on its faster-growing education business, people with knowledge of the situation said.

The company has decided to consider offers for the newspaper this year, said the people, who declined to be identified because the process is private. Pearson may initiate sale preparations ahead of the departure of Marjorie Scardino, the chief executive officer, who is stepping down in January, said one person. Pearson hasn’t hired an investment bank to advise on the sale, the people said.
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