British publisher Pearson has decided to sell the Financial Times to a global, digital news company after owning the newspaper for nearly 60 years, a person familiar with the deal said on Thursday.



Pearson later confirmed that it was in advanced discussions regarding a potential disposal of the title but declined to provide further details, says Reuters.


Pearson, which has become the world's leader in educational publishing, believes the time is right to focus fully on its education strategy and no longer on the media sector, the person said, speaking on condition of anonymity.


Previous reports from other news organisations have suggested the title could fetch around 1 billion pounds, however analysts believe that is optimistic.


Reports have suggested potential buyers include Bloomberg, German newspaper publisher Axel Springer (SPRGn.DE) and Thomson Reuters