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’Home and nearly hosed: Murdoch wins Dow Jones
Rupert Murdoch’s News Corp has finally sealed a $5bn agreement to purchase Dow Jones, publisher of The Wall Street Journal, after three months of drama in the controlling Bancroft family and much public debate,
Bancroft split clouds Dow Jones deal
The sharp divisions evident within the Bancroft family over the possible sale of Dow Jones, owner of the Wall Street Journal, to Rupert Murdoch’s News Corp have cast uncertainty about Dow Jones’s prospects in the event a sale is voted down.
Bancrofts debate Dow Jones sale
Members of the Bancroft family, who control 64 per cent of Dow Jones’ voting power, met in Boston on Monday night to decide whether to accept a $5bn takeover offer from Rupert Murdoch’s News Corp. The meeting followed a decision by the Dow Jones board of directors last week to recommend selling the company to Mr Murdoch,
Bancrofts to vote Monday on Dow Jones deal
The Bancroft family, which controls Dow Jones voting shares, is set to meet Monday for a final vote on the $5bn bid by Rupert Murdoch’s News Corp for the company, publisher of the Wall Street Journal,
Dow Jones board backs Murdoch bid
Dow Jones directors are ready to endorse the $5bn offer from Rupert Murdoch’s News Corp, the company said in a statement issued Wednesday, reports Bloomberg. The directors of Dow Jones will recommend the $60-a-share bid after a meeting in New York on Wednesday.