Friday August 14, 2020

Family differences may thwart Murdoch’s Dow Jones bid

Rupert Murdoch’s bid to buy America’s second biggest-selling newspaper seemed to be inching closer to a successful conclusion early last week, only to be thrown into doubt by an unexpected resignation.

21st July, 2007

Rupert Murdoch’s bid to buy America’s second biggest-selling newspaper seemed to be inching closer to a successful conclusion early last week, only to be thrown into doubt by an unexpected resignation.

Murdoch’s offer to spend $5 billion acquiring Dow Jones & Company, which owns the Wall Street Journal, became public in early May. The offer was approved, though not unanimously, by the Dow Jones board at a tense meeting last Tuesday...

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