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NEW YORK News Corp. has made a $5 billion offer for Dow Jones & Co. that would give the company control over The Wall Street Journal and Dow Jones’ financial news service that would make the upcoming Fox Business Channel an even more formidable competitor.
Dow Jones confirmed the $60 a share offer Tuesday and said that the Bancroft family, which holds 62 percent of the company’s shares, was evaluating the offer along with the company’s board of directors.
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