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’It’s official – the Bancroft statement
Following today’s announcement by Dow Jones & Co., Inc. and News Corporation that they have entered into a definitive merger agreement to combine the two companies, a spokesperson for the Bancroft family issued the following statement:
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,
Dow Jones deal on knife edge
Shares in Dow Jones fell 5.31 per cent on Monday to $51.56, significantly below the $60-per-share offer from Rupert Murdoch’s News Corp, amid uncertainty about whether the company’s controlling Bancroft family would back a sale,
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,
Dow Jones director quits over proposal
Dieter Von Holtzbrinck, a German publishing executive, has resigned from Dow Jones’ board in protest over the company’s $5bn sale to Rupert Murdoch’s News Corp. In a letter to fellow directors after they endorsed the offer on Monday,
…As Li denies Dow Jones insider charges
David Li, a prominent Hong Kong banker and Dow Jones board member, on Thursday denied any wrongdoing in an insider trading case being investigated by the US SEC that involves Dow Jones stock. Mr Li, chairman and chief executive of Bank of East Asia,
…As Li denies Dow Jones insider charges
David Li, a prominent Hong Kong banker and Dow Jones board member, on Thursday denied any wrongdoing in an insider trading case being investigated by the US SEC that involves Dow Jones stock. Mr Li, chairman and chief executive of Bank of East Asia,
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 director faces SEC charges
The US SEC has warned David Li, a Hong Kong banking magnate and Dow Jones board member, that it will recommend filing civil insider trading charges against him. It is understood that Mr Li has received a “Wells notice”,
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.
Dow Jones, News Corp reach agreement
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,
News Corp to meet Dow Jones directors
News Corp will meet Dow Jones directors this week in a session that could prove decisive in Rupert Murdoch’s pursuit of the media group and its flagship, the Wall Street Journal newspaper, the FT reports.
“At least Murdoch loves newspapers…”
Is this tantamount to the towel hitting the canvas?
But if the family is going to sell I see no point in pursuing industrial conglomerates, Internet entrepreneurs, supermarket magnates and real estate developers.
Dow Jones to meet possible rival bidder
The board of Dow Jones is making a last-ditch attempt to find a rival bidder as the parent company of the Wall Street Journal enters the final stretch of negotiations to be acquired by Rupert Murdoch’s News Corp,
Correction! (Maybe) Dow Jones/Murdoch talks continue, reportedly
Not that we’re obsessed, or anything.
Hot on the heels of the self-declared online exclusive in The Business magazine by former Sunday Times editor Andrew Neil, a contradictory series of flashes began to appear on newswire terminals on Friday afternoon.
Murdoch bags Dow Jones, says Andrew Neil
Yes, this is being billed as an exclusive by the former Sunday Times editor, now publisher/editor-in-chief of the Barclay brothers-owned Business magazine. And it’s pretty unequivocal.
Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones,
NBC chief explains Dow Jones bid move
Jeff Zucker, chief executive of NBC Universal, told the FT that the General Electric-owned media group abandoned its pursuit of Dow Jones because it was a “fiscally disciplined” company unwilling to match the $5bn offered by Rupert Murdoch’s News Corp.
Murdoch and Dow Jones: closer, ever closer
Dow Jones and News Corp on Tuesday appeared to reach a consensus on safeguards to protect the editorial integrity of the Wall Street Journal, though price and other issues remain to be determined before a conclusive deal between the companies.
Murdoch-Dow Jones talks ‘moving quickly’
Rupert Murdoch and the board of Dow Jones were in “intense negotiations” on Sunday over his $5bn offer for the company, reports the Wall Street Journal. The talks intensified after Mr Murdoch indicated that proposals by Dow Jones’ board of directors to protect the editorial independence of The Wall Street Journal in the event of a sale to News Corp are not acceptable,
Murdoch in sight of Dow Jones
Rupert Murdoch’s News Corp edged closer to winning control of Dow Jones on Thursday as Pearson and General Electric said they had decided against a counter-bid for the publisher of the Wall Street Journal.
Dow Jones board to talk to News Corp
Dow Jones’s board of directors is to begin direct negotiations with Rupert Murdoch’s News Corp on a possible sale of the media group and its flagship, The Wall Street Journal. The announcement came as the Bancroft family,
Bloomberg to boost reporting team
Bloomberg, the privately owned news and information company, will expand its 2,300-strong news operation by more than 10 per cent this year as news plays a growing role in the content on the electronic system.
Dow Jones directors poised for key role
More than a month after Rupert Murdoch’s $5bn offer for Dow Jones, the company’s directors have so far been largely absent from the drama. But the board could soon be drawn into a more prominent – and potentially perilous – role under a number of scenarios that could unfold.
CDS report: Deals and rumours of deals push single-names wider
Single-name action dominated the European credit derivatives markets on Monday morning.
The cost of insuring Akzo Nobel’s debt against default rose after news broke of its spurned $14.2bn offer for Imperial Chemicals Industries.
GE to decide on Dow Jones bid with Pearson
General Electric will decide within days whether to team up with Pearson, owner of the FT, to counter News Corp’s $5bn bid for Dow Jones, which owns the Wall Street Journal. One option under discussion between GE,
Murdoch moves in on Dow Jones
Advisers to the Bancroft family, which controls Dow Jones voting power, were expected to send News Corp as early as Tuesday a revised set of proposals for a special board to safeguard The Wall Street Journal’s editorial independence,
Dow Jones, the Journal and the bids that never were
Who says macho M&A deal-making is the preserve of fee-hungry investment bankers, holed up in the City and on Wall Street?
The newsroom of the Wall Street Journal has become a veritable corporate finance lab,
Why Murdoch’s Dow Jones bid should fail
Growing prospects that Rupert Murdoch will succeed in his $5.6bn bid for Dow Jones and its flagship title, the Wall Street Journal, are diminishing US media industry hopes that the Republican-controlled Federal Communications Commission will be able to reverse or weaken decades-old rules limiting ownership,
Dow Jones – the Philly link
There may yet be some extra pricing tension in the battle to control Dow Jones, owner of the Wall Street Journal.
Brian Tierney, who, together with a group of investors, took over the Philadelphia Inquirer just over a year ago,