The amount (R9.3bn) Pearson PLC will receive for its 50% stake in
the 172-year-old business and political magazine. The buyers include Exor SpA, which is owned by Italy’s billionaire Agnelli family – owners of Fiat Chrysler – and the Rothschild family. Other prominent families with stakes in include the Cadburys and the Schroder banking dynasty, nytimes.com reported. Pearson recently also sold its stake in the to Japan’s Nikkei as it plans to focus on its education assets.