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Big newspaper widely read on Wall Street around the world is now in the cites a Bloomberg media empire was -- -- here.
With more and -- bottom line and that's you're hearing from sources that Bloomberg had spoken with a number of sources inside Bloomberg.
In meetings inside Bloomberg on whether or not to acquire the Financial Times this would be a trophy prize for mayor Mike Bloomberg who owns 90% of Bloomberg.
And essentially FTS two point one million readers worldwide for the first time it's digital readers.
Outpaced an exceeded its print reader so what we're seeing is essentially.
Could they afford it yes Mike Bloomberg persons were 25 billion.
That company Bloomberg news media pulls it's seven point six billion.
FT is not for sale that's appears and is telling Fox Business categorically denying that there is any advisor any bank is identifying are seeking a purchaser -- the FT.
Before the Pearson side of this story Pearson it's it's now being run based CEO came up for the education -- and he's feeling essentially talking to people over there.
That -- according to insiders is that Pearson is becoming a more of education textbook company right right and that the newspaper is getting.
The newspaper business is getting chewed up.
By the eviscerated by the Internet -- so a lot of this Bloomberg may body of a couple years so how'd that work out for them well it's it's it was a heart are rough.
That digestion of that that magazine the magazine is really struggling.
In almost what under the the way they did the redesign their made it very dreary read -- on an exciting read.
Up but now business week is coming back but the thing with that it whether or not how -- the FT would fit in.
With Bloomberg is this you wouldn't even need to have the FTB a trophy and amenity to be able to sell.
More Bloomberg terminals it's 85% of its profits -- so.
Comes from leasing and selling these of those terminals so that's the name of the game and so -- being the other obstacle to do the the FT being bought by Bloomberg.
Is essentially no control of the 50%.
Of the economist at the FT does not own so obstacles airplane you know what there may be a sale of the -- -- three hear about this since December -- -- -- sell the FT come dancing -- Thomson Reuters.
Don't know it's another suitor and right in that thanks so much sure.
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