Thursday's surprise announcement by Nikkei Inc. that it's buying the London-based FT Group, one of the world's most respected and influential media groups, immediately raised questions about whether the Japanese company can successfully manage such a highly regarded news company.
The Nikkei group, Japan's most powerful financial media group, said it will buy the Financial Times publisher from Pearson PLC for about ¥160 billion ($1.3 billion) by procuring all outstanding stocks.
The price tag, however, looks rather high when compared with the ¥24.5 billion that Amazon.com CEO Jeff Bezos paid for The Washington Post in 2013.