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General

PEARSON TO ACQUIRE EXTEL FINANCIAL

Thursday 2 December 1993 | 00:00 CET | News
Extel Financial, electronic publishing concern, will be acquired by Pearson, owner of the Financial Times, for GBP73.5 mil from United Newspapers. Under the terms, Financial Times Group, Pearson group, will invest GBP61.7 mil cash and repay a loan worth GBP11.8 mil from United Newspapers. The acquisition pits Pearson as rival vs other worldwide electronic financial news suppliers such as Reuters Holdings, Knight-Ridder and Dow Jones. Article discusses Extel and Pearson in further detail.

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Categories: General
Countries: United Kingdom
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