Tuesday, July 31, 2007

Rupert Murdoch's offer to buy the Wall Street Journal has apparently been accepted

The Bancroft family, which controls Dow Jones & Co., "has accepted" News Corp.'s $5 billion offer to buy the publisher of the Wall Street Journal, an executive of a Dow Jones unit said on Tuesday.

"The Bancroft family has accepted," John Prestbo, editor and executive director of Dow Jones Indexes, told reporters on Tuesday in Chicago. Dow Jones "will be part of News Corp," he said.

Prestbo told Reuters the information came from an internal company memo.

Fixed Noise Network and now this. They report, they decide.


At 12:02 PM, Blogger GottaLaff said...

Just when we thought they were turning him down.

At 12:10 PM, Anonymous OxyCon said...

Dow Jones & Co is now worth substantially less due to Murdoch's association with it.

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