Nikkei

Pearson says sells its share of The Economist Group

Published by Hurriyet on Wed, 08/12/2015 - 12:22

British publishing company Pearson on Aug. 12 said it had agreed to sell its 50-percent stake in The Economist Group, owner of prestigious magazine The Economist.

The share is being sold for 469 million ($730 million, 663 million euros), split between The Economist Group itself and Italian investment firm Exor, which is controlled by the Agnelli family, Pearson said in a statement.