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Pearson selling stake in The Economist for £469m and exiting news

Thursday, August 13, 2015 - 05:50
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The Economist, which has been edited in London since 1843 and is read by many political and business leaders, has a circulation of 1.6 million.

London

PEARSON Plc agreed to sell its stake in the 172-year-old The Economist magazine in a £469 million (S$1.03 billion) deal with Exor SpA, completing an exit from business publishing after disposing of the Financial Times newspaper last month.

Exor, the Agnelli family's