Tuesday, July 17, 2007

Agreement in principle reached: DJ board to vote tonight vote ok'd, family to meet Thursday Monday*

News Corp. reached a tentative agreement to buy Dow Jones at its original $5 billion offer price. The deal will be put to the full Dow Jones board Tuesday evening for its approval. But the deal still faces its biggest hurdle – getting approval from the Bancroft family, which controls 64% of Dow Jones's voting stock. WSJ

*UPDATE: The Dow Jones board approved Murdoch's bid last night. The deal goes to the Bancroft family who will meet Monday and will have several days to consider it before their vote.
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ALSO: Dow Jones CEO memo tells employees they have a bright future

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