There is a solid buzz in the business sector about Counterpoint, a Chinese research firm acquiring Financial Times for a whopping amount of $1.2B. This deal is amazing in several ways. The Financial Times is a British daily newspaper. It is a renowned newspaper, and the buzz of it getting acquired by a Chinese company is a big deal, as British countries are close to the USA. China is often engaged in a trade war with the United States. They are both powerful economies and control different economic aspects that affect the world economy, which is why the world is showing interest in this deal. This deal may be mere speculation, but its possible impact is huge. Let’s discuss this economic news in detail.
About Counterpoint
Counterpoint is a Chinese research firm; this. This company owns a dedicated research portal, publishes multiple research results, provides deep insights into several industries, and is known for its accurate analysis and forecast reports.
About Financial Times
Founded in January 1888, the Financial Times has a rich and prolonged history. It is known for providing economic and business world news, and it is a daily newspaper and broadcast channel with millions of active subscribers worldwide. Once owned by British people, this newspaper is now owned by Nikkei (a Japanese company), and the editorial offices are in Britain, the United States, and Europe. The company was sold to Nikkei for a whopping amount of £844 million, i.e., $1.32 billion, in July 2015 by Pearson. As per reports, the newspaper is growing and will hit the mark of 1.2 million paid subscriptions in 2023. Among them, 1.2 million were digital subscriptions, an evident fact of the digitization of newspaper reading habits.
Is Financial Times Acquired By Counterpoint for $1.2 Billion?
No, there is a buzz around this acquisition. Still, there is no official confirmation about the change in the Financial Times’ ownership. According to the official records, the newspaper is owned by a Japanese company. Also, the amount of $1.2 billion looks small for acquiring a massive newspaper chain like the Financial Times, which was acquired by Nikkei at a much higher price than this in 2015.
The Role Of US-China Trade Relations
These two countries are the world’s biggest economies. Each move affects the entire world’s economy; every country follows what they are doing and wants to form a strong economy like them. American government is showing their backstabbing nature; in the media, it portrays itself as the world leader and a good thinker for everyone, but they are accused of following unethical practices against many countries, supplying war essentials to all countries engaged in a war to continue war, destroying economies of Islamic countries like Iran, Syria, and more, whereas, China is known for luring countries and making them fall in its debt trap, examples are Pakistan, Sri Lanka, and many more countries. The United States has mixed opinions about China. They imposed harsh implications on businesses by importing goods from China. Still, they didn’t limit big companies such as Apple to setting up their largest manufacturing unit in China. It looks like the USA and China can do anything to stay on top in this economic game and have no ethics, so when a foreign acquisition is happening, which is directly or indirectly connected to any of these countries, the buzz on the internet comes like a fire. So, as far as this news of the acquisition of Financial Times by Counterpoint for $1.2 Billion, there is no official confirmation from either side, and it is less likely to happen at this price.
Conclusion
Financial Times is a renowned news publication channel that is trusted by millions of people worldwide for business world news. The news of its acquisition by a Chinese company is shocking for many readers, as we have covered this news and researched about it. The news of its acquisition by Counterpoint is not right, and there is no official announcement for the same. Moreover, we also discussed the role of US-China trade relations and why people are discussing it in the absence of any direct connection between these countries in this deal. I hope you like reading this post and will share it with others as well.
