Pearson to Announce Sale of Stake in The Economist

Financial Times: Pearson is expected to announce the sale of its stake in the publisher of The Economist magazine as early as this week for about £400 million. The De Rothschild family and Exor, the investment vehicle of Italy’s Agnelli family, are said to be likely to emerge as the largest single shareholders in the Economist Group, although negotiations about the precise set-up are continuing. The deal would be the biggest shakeup in the publisher’s ownership since 1957, when Pearson acquired its 50% stake along with the Financial Times.