General Electric and Pearson to make a bid for Dow Jones?

Posted by Ben Thalman on June 18, 2007 at 10:27 AM

General Electric and Pearson, owner of the Financial Times, are having talks about a possible joint bid for Dow Jones & Co. Those familiar with the situation have said that Pearson contacted GE, which controls NBC entertainment group and CNBC, about a joint bid but it is unclear if any bid will materialize. If a bid were to be made GE would have to finance the majority of it.

If a bid were to come forward it would directly challenge Rupert Murdoch's $5 billion bid and could cater to the Bancroft's desires to maintain the independence of the Wall Street Journal.

Source: ft.com

 

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