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Pearson denies rumours of FT takeover by Murdoch

Publishing company Pearson has denied rumours that Rupert Murdoch and Abu Dhabi's state media group are in discussions to acquire the Financial Times Group.

The Edge Review had claimed that talks had been underway for over a month, and hinted towards a deal worth over $1.2bn.

Pearson called the FT an important part of its strategy, telling AFP that “The Financial Times is not for sale, and Pearson is not in any talks to sell it”.

The rumours came shortly following Murdoch splitting the entertainment and publishing divisions of his global media empire.