Murdoch’s News Corp $5bn surprise bid rejected by Dow Jones
Posted by Jean Yves Chainon on May 2, 2007 at 9:27 AM
Rupert Murdoch's News Corporation made a $5bn bid for Dow Jones, publisher of The Wall Street Journal on May 1st. Dow Jones shares rose 58% after the announcement, from $37 to 57$, but the Bancroft family, which owns 62% of the company's voting stock, rejected the bid.
News Corp reportedly bid for $60 a share.
The Wall Street Journal is the world’s leading financial newspaper, with a daily circulation of over two million copies.
Source: The Guardian - Brand Republic
The Wall Street Journal is the world’s leading financial newspaper, with a daily circulation of over two million copies.
Source: The Guardian - Brand Republic
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