Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, 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.

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