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Coming down to the newswire
Rupert Murdoch is oh-so-close to acquiring Dow Jones and the Wall Street Journal. A tentative agreement between Murdoch's News Corp and Dow was made yesterday, all $5 billion worth. Dow's board votes tonight, but the biggest hurdle to getting the deal done comes Thursday when it's presented to the Bancroft family. Its members control 64 percent of Dow, and at this point they remain sharply divided on whether to sell to Murdoch.
Posted on July 17, 2007 4:31 AM PT | Permalink
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