EXCLUSIVE: Rupert Murdoch buys Dow Jones, owners of the Wall Street Journal

by angryindian | July 6, 2007 at 10:20 pm

501 views | 0 Recommendations | 0 comments

Global business media has taken a turn for the worse. With the Carlye Group also spreading it's wings into pop culture, can anyone say Rollerball? - The Angryindian

-----------------------------------------------

6:30 PM (London time) Update: Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones. Negotiations are now complete and a formal announcement is expected next week.

EXCLUSIVE: Rupert Murdoch buys Dow Jones, owners of the Wall Street Journal - The Business - Global Business News Online - Financial Market Updates Comments Analysis Investment: "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 on price and matters of principle have been completed, though some details remain to be resolved. None is regarded by either side as a deal-breaker.

The Dow board is confident that 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 working days. A formal announcement is expected next week."