(Reuters) - NEW YORK, July 30 - Rupert Murdoch's News Corp.
appeared close to gaining sufficient approval for its
$5 billion bid for Dow Jones & Co from the Bancroft
family, The Wall Street Journal said, ahead of a Monday
deadline for responding to the offer.
The Bancrofts control 64 percent of the voting shares of
Dow Jones, owner of the Wall Street Journal. Slightly less than
half of the family's votes favored the deal as of late Sunday,
the Journal reported, citing a source close Dow Jones' board.
This accounts for 28 percent of the overall voting shares.
Read more at Reuters.com Mergers News
appeared close to gaining sufficient approval for its
$5 billion bid for Dow Jones & Co from the Bancroft
family, The Wall Street Journal said, ahead of a Monday
deadline for responding to the offer.
The Bancrofts control 64 percent of the voting shares of
Dow Jones, owner of the Wall Street Journal. Slightly less than
half of the family's votes favored the deal as of late Sunday,
the Journal reported, citing a source close Dow Jones' board.
This accounts for 28 percent of the overall voting shares.
Read more at Reuters.com Mergers News
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