Japanese publisher Nikkei Inc. agreed to acquire Pearson Plc’s FT Group for 844 million pounds ($1.3 billion) to gain control of the Financial Times newspaper.

The sale doesn’t include Pearson’s 50 percent stake in the Economist Group and some London property, Pearson said Thursday. Axel Springer SE, publisher of Germany’s Bild-Zeitung tabloid, was also in talks over the assets, according to people familiar with the matter.

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