Bloomberg Reported to Have Bid for Financial Times

New York Times: In July, British media company Pearson agreed to sell the Financial Times to Nikkei, an employee-owned Japanese publisher for about $1.3 billion in cash. In an auction conducted by Gregory Lee, a media banker at Evercore, Nikkei not only bested the German media company Axel Springer, it also outbid buyers like Bloomberg L.P. and Thomson Reuters, as well as private equity firms and assorted billionaires.