London—Pearson is exploring a sale of the Financial Times, according to reports. Bloomberg said Pearson may initiate sale preparations ahead of the retirement of Marjorie Scardino, who is stepping down as CEO in January.
According to the Guardian, the FT has denied that it is for sale.
Pearson has been focusing on building its education and professional businesses via acquisitions. In the past 12 months, the company has made 10 acquisitions in the education sector for a total of $1.2 billion.
The Financial Times, whose origins date to 1888, could fetch about $1 billion, according to reports. Potential bidders include media conglomerate Bloomberg and wealthy individuals in Asia, the Middle East or Russia.