Sunday May 31, 2020

Murdoch bids $5bn for ‘perfect fit’ Dow Jones

Media tycoon Rupert Murdoch last week boasted that Dow Jones, the owner of the Wall Street Journal, was a ‘‘perfect fit’’ for his media empire, which includes the London Time s and pay-TV operator BSkyB.

12th May, 2007

Media tycoon Rupert Murdoch last week boasted that Dow Jones, the owner of the Wall Street Journal, was a ‘‘perfect fit’’ for his media empire, which includes the London Time s and pay-TV operator BSkyB.

His comments came soon after it emerged that the 76year-old chairman of News Corporation had tabled a $5 billion (€3.7 billion) bid to buy Dow Jones, representing $60 a share or a 67 per cent premium.

However, the Bancroft...

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