Pearson, which owns the Financial Times Group, has secured a 20% stake in Business.com. The deal will give FT.com information a prominent place on the US-based business news portal.
The exact details of the deal have not been disclosed but it believed that Pearson paid $30m for a stake in the portal, which will showcase certain FT.com pages and guide users to additional services. Further funding for the web start-up, which launched in June, came from Cahners Business Information, IndustryClick and McGraw-Hill, to a total of $61m.
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