5th December 2015

Nikkei Completes FT Takeover

Japanese company Nikkei has completed it's takeover of the Financial Times.


Nikkei's £844M purchase of the FT from Pearson said been completed.

Pearson had previously owned the FT since 1957, however Nikkei's purchase was announced in July 2015.

Since Nikkei's takeover was announced, journalists, editorial staff, and former staff have expressed their concerns about the independence of the title.

The NUJ chapel for the FT have also threatened industrial action against Nikkei, over proposed cuts to staff pension benefits.

Tsuneo Kita, chairman of Nikkei, said recently: “Our management objectives at Nikkei are global and digital, those are the two key words, and so for the future, in order to grow as global media and to further promote our digital media business, the best partner is definitely the FT.”

 
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