Freshfields Bruckhaus Deringer is advising Pearson on its sale of the Financial Times Group to Nikkei Inc.
The transaction, valued at £844 million is subject to a number of regulatory approvals and is expected to close in Q4 2015.
The Financial Times is one of the world’s leading news organisations, recognised for its authority, integrity and accuracy. It includes the FT newspaper, FT.com, How to Spend It, FT Labs, FTChinese, the Confidentials and Financial Publishing (including The Banker, Investors Chronicle, MandateWire, Money-Media, Medley Global Advisors and more).
The Freshfields team is being led by Oliver Lazenby and Simon Marchant alongside associate Ziyad Nassif. Fellow corporate partner Takeshi Nakao also advised. Other members of the team included Alastair Brown, Jodie Owen, Charles Magoffin, Julia Chirnside, Sarah Thomas, Rosamund Wood, Paul Davison, Faye Coates, Sam Withnall, Alastair Chapman, Sorcha O’Carroll, David Gallagher, Andrew Craig, Francesca Yates and David Fitzgerald.
Freshfields has previously acted for Pearson on the Penguin joint venture with Random House and on Pearson’s disposal of Mergermarket.