'Murdoch buys Dow Jones' report

Rupert Murdoch has succeeded with his $5bn (£2.5bn) bid for Dow Jones, owner of the Wall Street Journal, the Business magazine reported on its website today.

News Corporation has completed negotiations with the Dow Jones board, which is confident that the controlling Bancroft family will accept the deal, a story on the magazine's website said, quoting sources acting for the Wall Street Journal owner's board.

The story was written by Andrew Neil, a former Murdoch lieutenant and now chief executive of the Press Holdings, which owns the Business, and by James Forsyth.

Read Full Article from Guardian Unlimited

- Posted: 2007-07-06 10:16:56

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