Rupert Murdoch buys Dow Jones, Wall Street Journal

[method77]

Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones, owners of the Wall Street Journal, according to sources acting for the Dow Jones board. Negotiations have been completed and the board is confident the terms of the deal will be accepted by the Bancroft family, which controls a majority of voting shares in Dow Jones, over the next few days. A formal announcement is expected next week.

Murdoch’s News Corporation will take over America’s most prestigious financial publisher at the price he originally offered on April 17, when he proposed $60 a share when the stock was trading at $36, a 67% premium.

After lengthy talks involving many lawyers, the deal includes a legally-enforceable agreement with Murdoch which will supposedly guarantee the integrity and independence of the Wall Street Journal’s journalism.

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[DudeAsInCool]

After lengthy talks involving many lawyers, the deal includes a legally-enforceable agreement with Murdoch which will supposedly guarantee the integrity and independence of the Wall Street Journal’s journalism.

I'd like to see the fine print

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Dow Jones says News Corp. deal not yet reached

NEW YORK (Reuters) - Rupert Murdoch's News Corp. has not yet reached a deal to buy Dow Jones & Co. Inc. and discussions continue, representatives for Dow Jones and its controlling Bancroft family said on Friday.

Talks are continuing over such issues as price, two sources familiar with the matter also said on Friday.

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[Umma]

That man is a plague.

[method77]

I served his son once in a very expensive restaurant

[Umma]

you get around :)

[method77]

I didn't know who he was lol

[DudeAsInCool]

I didn't know who he was lol

One of my friends went to the school with the daughter; some others have worked with the sons - they are supposed to be pretty cool. What was your impression?

[method77]

He was a normal guy who said thanks

[DudeAsInCool]

He was a normal guy who said thanks

but did he tip you well?

[method77]

He didn't pay. It was some kind of business meeting thing