Rupert Murdoch's News Corp. may be preparing to walk away from a $5 billion bid for Dow Jones & Co. after trying without success to win support from the controlling Bancroft family, Pali Research analysts said.
News Corp. ``is increasingly frustrated'' with the failure of family members to respond to overtures by Murdoch, Pali's Richard Greenfield and Mark Smaldon wrote today in a note to investors. Directors of New York-based Dow Jones took no action on the bid after Bancroft family members said a majority of their shareholder votes would reject the offer of $60 a share.
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