Dow Jones board endorses $5 bln News Corp. bid
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The board of Dow Jones & Co. Inc. has endorsed a $5 billion buyout offer from Rupert Murdoch's News Corp., sending the deal to the controlling Bancroft family for final approval.
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Rupert Murdoch&#39;s plan to move his News Corp. global media empire&#39;s major share listing from Australia to Wall Street won overwhelming shareholder approval Tuesday at the company&#39;s annual general meeting.
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A tentative deal between News Corp.  and Dow Jones & Co. Inc.  would give an independent board the power to approve the hiring and firing of top editors at The Wall Street Journal selected by News Corp., three sources familiar with the matter said on Thursday.
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News Corp.'s $60 a share bid for Dow Jones & Co. Inc. is attractive and should be considered, its largest outside shareholder said on Wednesday.
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An announcement could come as early as today that Rupert Murdoch's News Corp. and the Dow Jones board of directors have agreed on editorial protections for the Wall Street Journal, allowing the two sides to start discussing Murdoch's bid for the company and its high-profile newspaper.
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Dow Jones & Co.&#39;s board and Rupert  Murdoch&#39;s News Corp. have completed talks on a $5 billion  buyout of Dow Jones and are expected to announce a deal next  week, London&#39;s The Business weekly magazine reported on Friday.
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Rupert Murdoch sees his lofty $5  billion offer to buy Dow Jones & Co. Inc. &quot;worth paying&quot; to  empower a global network of cable, print and digital  operations, including an upcoming business news cable channel,  according to a Time magazine interview on Thursday.
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Representatives of the Bancroft  family, which controls Dow Jones & Co. Inc. , plan to  meet with News Corp. (NWSa.N) chief Rupert Murdoch on Monday to  discuss his $5 billion bid for the company, The Wall Street  Journal reported on its Web site Friday, citing sources  familiar with the matter.
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The family that controls Dow Jones & Co.  said for the first time it would consider selling the publisher of the Wall Street Journal to Rupert Murdoch's News Corp. , dropping its outright opposition to his $5 billion bid.
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Rupert Murdoch's News Corp agrees a tentative $5bn takeover of Dow Jones, the Wall Street Journal reports.
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Rupert Murdoch's News Corp. has reached a tentative deal to buy Dow Jones & Co. Inc. for $5 billion, though its controlling Bancroft family remained divided on the deal, the Wall Street Journal reported.
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After six months of cajoling and negotiating, Rupert Murdoch Tuesday won overwhelming support for his plan to shift News Corp&#39;s major share market listing to Wall Street.
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LOS ANGELES -- Dow Jones &amp; Co.'s board will take the lead in deciding whether the Wall Street Journal publisher will be sold to News Corp. for $60 a share as MySpace.com founder Brad Greenspan offered the same price for 25 percent of the company.
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Rupert Murdoch is expected to turn on the charm Monday to reassure the family that controls Dow Jones & Co. Inc.  that his $5 billion offer for the company won't undermine its flagship newspaper, The Wall Street Journal.
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An editorial board overseeing the Wall Street Journal under a Rupert Murdoch ownership would have five members jointly chosen by Murdoch's News Corp.  and the Journal's parent company, Dow Jones.
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Members of the Bancroft family, which controls Dow Jones & Co. Inc. , may decide by the end of the week whether to accept a $5 billion offer by Rupert Murdoch's News Corp  for the publisher of The Wall Street Journal.
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Dow board takes over talks with Murdoch, implying a resolution to his $5B bid will come soon.