Murdoch offers $5 billion for Dow Jones |
| International Herald Tribune - May 2, 2007 |
In a bold move to expand his global media empire, Rupert Murdoch, the head of News Corp., has made an unsolicited $5 billion offer to buy Dow Jones, the venerable publisher of The Wall Street Journal, which he is said to have long coveted.
The offer could set in motion the kind of takeover saga that readers might find in The Journal, featuring larger-than-life personalities, eager traders and boardroom maneuvering amid an industry in turmoil.
At the center are the members of the reclusive Bancroft family - caught between their long-held belief in newspaper ownership as a public trust and the company's slumping share price - and Murdoch, one of the most successful, and certainly most polarizing, media barons.
Read Full Article from International Herald Tribune
- Posted: 2007-05-02 09:41:52
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