How the FT falcon flew to Nikkei's nest and media group Axel Springer lost the deal

Financial Times :: Pearson, the FT’s owner since 1957, had long let the propositions pile up. But early in June, after months of cat-and-mouse negotiations with German media group Axel Springer, it decided to open up the process — and advisers started to sift through the papers.

Read Arash Massoudi, Henry Mance, James Fontanella-Khan, www.ft.com