€1bn Sought for Financial Times
Posted: 1/18/2013  |  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.