Pearson to explore Financial Times sale: Report

British publishing company Pearson is exploring the sale of its financial newspaper, The Financial Times, Bloomberg reported.

The sale of the newspaper may be valued as high as $1.6 billion, the report said.

The report added that, while the sale process has not formally began, the salmon newspaper could draw interest from Berlin-based Axel Springer, one of the largest digital publishers in Europe.

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Pearson did not immediately respond to CNBC's request for comment. Axel Springer declined to comment.

Click here to read the full report.

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