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(From AFX Europe (Focus))
(Adds analyst comment, share price, detail)
LONDON (AFX) - Media group Pearson PLC has moved to boost its online news business by confirming its 101 mln stg takeover of financial newswire Mergermarket.
Pearson, which owns the Financial Times newspaper and Penguin Books, said the deal would boost adjusted earnings per share in 2007, and start providing a return on capital the following year.
"For the FT Group (Mergermarket) adds proprietary content, a premium customer base, reliable growth from new revenue sources and attractive financial characteristics," Financial Times Group chief executive Rona Fairhead said in …