(Corrects paragraph 3 in April 3 story to say Endpoints News was founded in 2016, not 2014)
April 3 (Reuters) - UK’s Financial Times said on Monday it had acquired a majority stake in medical news publication Endpoints News.
The deal, terms of which were undisclosed, will help the Nikkei-owned FT gain online readers in the United States and expand the coverage of the bio-pharma sector, the newspaper said in a statement.
Endpoints News, founded in 2016 and based out of Lawrence, Kansas, delivers news on the drugs and medical industry and has more than 163,000 subscribers.
The move is the latest in a strategy to grow FT’s business in strategic areas, it said, and follows recent acquisitions of companies including economic development consulting firm Wavteq, events company TNW, content production company Alpha Grid and investment intelligence platform GIS Planning.
Lazard Ltd and law firm Lathrop GPM advised Endpoints, while PwC and Morgan, Lewis & Bockius LLP advised the FT. (Reporting by Yuvraj Malik in Bengaluru)
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