Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
NEW YORK The board of Dow Jones Tuesday voted in favor of News Corp.’s $5 billion offer for the company. That leaves one last hurdle for News Corp.: approval by the Bancroft family, which controls 64 percent of the company’s voting power.
In a statement issued by Dow Jones today, the company said that Michael Elefante, a representative of the Bancroft family and a director of Dow Jones, informed the firm that the family was “evaluating the proposed transaction.”
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in