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Nikkei Media Group WIns U.S. Approval to Buy The Financial Times

Nikkei Media Group won approval for its $1.3 billion buyout of the Financial Times from Pearson Plc according to the Federal Trade Commission.

The deal was one of a number of deal that the Federal Trade Commission and Justice Department granted “early termination”, basically quicker antitrust approval.

Nikkei’s acquisition of the Financial Times is the highlight of decades of trying to break into mainstream English speaking media.

Nikkei had a long partnership with the Wall Street Journal publisher Dow Jones, which ended in the early 2000s.