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Pearson PLC, the owner of the Financial Times, has confirmed it is in “advanced discussions” about the potential sale of the newspaper.

The company noted recent press speculation about the potential disposal of FT Group, but added “there is no certainty that the discussions will lead to a transaction.”

The statement Thursday did not mention the potential buyer, only that Pearson would make an announcement when appropriate.

Pearson, which is also a leading educational publishing company, has owned the Financial Times for decades.

Pearson’s share price was up 2.5 percent in late-morning trading in London.

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