Financial Times (FT), a leading publisher on business, has taken a majority stake in online tech media company TNW (The Next Web). This is the first majority stake of FT in continental Europe. With this, TNW has a partner to grow further in the Netherlands and abroad in the coming years.
With this deal, FT increases its reach in the European technology community and creates synergies in several areas with its own existing business, such as FT (media) and FT Live (events).