Gruner und Jahr takes over FTD completely

 The Hamburg-based publishing house Gruner und Jahr becomes the sole owner of the business newspaper Financial Times Deutschland (FTD). The British media group Pearson sells its 50 percent stake in the newspaper to the Bertelsmann subsidiary. Pearson publishes the English parent paper Financial Times. The two publishers did not disclose the purchase price on Wednesday in London and Hamburg. The purchase agreement reportedly provides for a long-term license agreement under which Pearson grants the German publishing house a license to use the newspaper name and editorial content. The sale must still be approved by the competition authorities.
FTD is to become part of Gruner und Jahr's business media publishing group. The monthly magazines Capital and Impulse as well as the weekly investor magazine Börse Online will also be published there.