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Pearson's Financial Times acquires economic policy research group Medley Global

Specialist education publisher and information company Pearson (LSE: PSON) announced that its Financial Times unit has acquired Medley Global Advisors LLC (NYSE:MGA) for an undisclosed fee. The company said the addition of MGA, a provider of intelligence to the financial services industry, strengthens the FTs position and reinforces its focus on its subscription based services.

MGA provides in-depth research and analysis through email and verbal consultations to help clients understand and anticipate the major policy events driving interest rate, currency and energy markets.

"MGA holds a unique position at the crossroads of the policy world and financial markets, combining primary research with direct access to policymakers to deliver breaking news and deep insights", FT chief executive John Ridding said, "This acquisition delivers another premium service to an important FT audience and reinforces our strategy of building strong subscriber and digital businesses in core sectors."

MGA will continue to be run from its headquarters in New York and will maintain its offices in Washington, DC, London, Frankfurt, Beijing and Tokyo. The MGA team intends to grow the business both in the US and globally.

Disclosure: The author holds no positions in the company