BREAKING: Murdoch Buys Dow Jones
From London’s “The Business“:
Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones, owners of the Wall Street Journal, according to sources acting for the Dow Jones board. Negotiations have been completed and the board is confident the terms of the deal will be accepted by the Bancroft family, which controls a majority of voting shares in Dow Jones, over the next few days. A formal announcement is expected next week.
What do you think?
>UPDATE: Dow Jones calls the London Business story “False.”
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