July 17, 2007
Dow Jones and News Corp. Reach Tentative Agreement
After months of on-and-off negotiations, the Wall St. Journal announced a tentative agreement for the sale of Dow Jones to News Corp. at the $5 billion price Rupert Murdoch offered last April. The full board will consider the agreement Tuesday. Whether enough members of the Bancroft family, which as a group control the company, will vote in favor of the sale remains "too close to call," according to insiders. WSJ, Dow Jones, News Corp. Set Deal.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Dow Jones and News Corp. Reach Tentative Agreement: