Bancrofts Accept Murdoch's Bid
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Rupert Murdoch,
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Breaking Media News
Rupert Murdoch's News Corp. is likely to secure a deal to buy Dow Jones & Co. Inc. on Tuesday after drawing the support of a sufficient number of votes held by the company's controlling family, according to The Wall Street Journal.
The two sides are expected to reach a definitive agreement by Tuesday evening, capping Murdoch's three-month pursuit of the publisher of The Wall Street Journal, a source familiar with the matter said.
Reuters | Robert MacMillan, Kenneth Li | July 31, 2007 10:58 AM