€1bn Sought for Financial Times

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
http://www.editorandpublisher.com/news/1bn-sought-for-financial-times/
LinkedIn

By: Irish Times

The Financial Times is being touted for sale by investment banks including Nomura, Credit Suisse and Bank of America Merrill Lynch, for up to £1 billion, the Daily Telegraph has reported.

Banks are said to be seeking offers for between £740 million and £1 billion for the Financial Times, equivalent to 37 times its projected earnings before income, taxation and depreciation in the current financial year.

Comments:

Your email address will not be published. Required fields are marked *