Tuesday, July 17, 2007
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.