Finally: Murdoch Buys Dow Jones. Or Maybe Not.
Remember way back when we thought Rupert Murdoch‘s Dow Jones bid was just a marketing stunt? That was fun. Then Dow decided to consider his offer, other companies almost bid, and the D.J. board got involved. The upshot? Two months after the initial offer shocked the media world, the Aussie has his trophy. Congrats, Mr. Murdoch.
London’s The Business is reporting that News Corp. will pay $60 per share for the company. The deal, which The Business says will be formally announced next week, still needs approval from the Bancrofts, but Murdoch expects it to come within two or three weeks.
E&P,
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