Dow Jones representatives have reached a tentative agreement with Rupert Murdoch’s News Corp on its $5bn offer for the publisher of the Wall Street Journal and the two sides are expected to begin formal deliberations as early as Tuesday, say people familiar with the matter. The Journal reports that the Bancroft family, which controls 64 per cent of Dow Jones’s voting stock, is still divided on the offer and that its position is “too close to call”. The family is expected to take until next week for a final vote on the offer.
