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The deal to buy Pearson's stake in the German financial daily will be sealed in the coming weeks, according to the German business media.

Publisher Gruner & Jahr, which is owned by media group Bertelsmann, controls the other 50% of the FT Deutschland.

A sale of the Pearson stake to Spiegel would indirectly increase Gruner & Jahr's stake because it also owns 25.5% of Spiegel.

Pearson's interim results at the end of July showed that FT Deutschland, which was launched in 2000, had a circulation increase of 2% to 105,000 copies.

Pearson, which owns the Financial Times, a 50% stake in the Economist magazine, and a majority stake in data provider Interactive Data Corp, is aleady in talks to sell its French business daily Les Echos to luxury goods group LVMH.