Media group Pearson appeared a takeover target at the weekend after its shareprice staged a comeback on Friday, despite problems at its USA Penguin department.
Stocks fell to 690p on Thursday before climbing to 757.5p by the close of trading on Friday. The City saw this as an indication that a move was about to be made on the group, thought to be worth around £4.2 billion. Possible bidders are thought to include Granada, BSkyB and Reuters.
Pearson is also believed to be poised to sell off its TV interests *Pearson May Sell Off TV Interests, probably to chief executive Greg Dyke. The company also owns the FT and has a stake in Channel 5.
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