Ron Burkle‘s investment firm Yucaipa Companies LLC and another investor have joined up with the union representing Dow Jones’s employees to help come up with alternatives to News Corp.’s bid for Dow Jones.
Unusual, but not surprising, considering the former’s adversarial relationship with the latter.
The other investor? Warren Buffett. Says the union’s release: “The Independent Association of Publishers’ Employees (IAPE), the union that represents more than 2,000 employees of Dow Jones & Company, and Ownership Associates, the advisor retained by IAPE, The Newspaper Guild and the Communications Workers of America, have reached out to Mr. Warren Buffett and the investment group The Yucaipa Companies in Los Angeles, led by Mr. Ronald Burkle, to explore alternatives to News Corp.’s bid for Dow Jones & Company.”