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News Corp bids $5B for Dow Jones/WSJ

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  • News Corp bids $5B for Dow Jones/WSJ

    Fox News, NY Post, Sky News, 20th Century Fox + Dow Jones & the Wall Street Journal. It would also be a perfect setup fot the upcoming Fox Finance Channel.

    Link....

    News Corp. Bids $5B for Dow Jones

    NEW YORK (AP) - Dow Jones & Co., publisher of The Wall Street Journal, said Tuesday it received an unsolicited bid from Rupert Murdoch's News Corp. to buy the company for $5 billion, but it was unclear whether the family that controls the company would sell.

    Dow Jones issued a brief statement confirming that its board had received the offer from News Corp. to buy the company at $60 a share, either in cash or a combination of cash and News Corp. stock. News of the offer, which was first reported on CNBC, sent Dow Jones' shares soaring, and also lifted those of other newspaper publishers.
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    Dr. Mordrid
    ----------------------------
    An elephant is a mouse built to government specifications.

    I carry a gun because I can't throw a rock 1,250 fps

  • #2
    Originally posted by Dr Mordrid View Post
    ...It would also be a perfect setup fot the upcoming Fox Finance Channel.
    Not to mention the upcoming elections

    It's probably been eating at Aile's guts that WSJ's news department doesn't follow the party line like the editorial page does.
    Last edited by cjolley; 1 May 2007, 14:30.
    Chuck
    秋音的爸爸

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