Murdoch looks to legacy with Dow Jones bid

(Reuters) - Now the 76-year-old media mogul aims to redeem his legacy in the business he loves most with the anticipated $5 billion purchase of Dow Jones & Co. Inc., owner of The Wall Street Journal, Barron's financial weekly and Dow Jones Newswires.




Dow Jones looked set to agree on Tuesday to the buyout later on Tuesday, regarded as one of the most audacious yet for the consummate dealmaker.


Read more at Reuters.com Mergers News

Dow Jones family owners face deadline on bid: source

(Reuters) - Rupert Murdoch's News Corp., owner of Fox News, the New York Post and a sprawling global media empire, made its $60 a share bid for Dow Jones, the publisher of the Wall Street Journal, on May 1.




The board of Dow Jones endorsed the offer two weeks ago, sending the deal to the Bancroft family for approval.


Read more at Reuters.com Business News

Dow Jones board member moves to block News Corp: WSJ

(Reuters) - News Corp., owner of Fox News, the New York Post and a sprawling media empire, has offered $5 billion, or $60 a share, for Dow Jones, the publisher of the Wall Street Journal.




Bancroft is trying to buy more "supervoting" shares from other Bancroft heirs who may be ready to sell their stakes but share his distaste for handing the family legacy to Murdoch, the Journal said.


Read more at Reuters.com Business News

Dow Jones agreement gives committee approval power

(Reuters) - The agreement requires approval of the family, which contains about three-dozen adult members.




The sources disputed a report in Thursday's edition of The New York Times that News Corp. would have the sole power to hire and fire top Wall Street Journal editors and that the committee would have no power to approve candidates.


Read more at Reuters.com Mergers News

News Corp, Dow Jones near editorial pact-sources

(Reuters) - NEW YORK, June 25 - Advisers to Rupert Murdoch's News Corp. and Dow Jones & Co. Inc. could reach a pact on editorial independence as early as Monday, a source familiar with the situation said, heightening expectations a takeover deal could soon be reached.



A pact to protect the journalistic integrity is seen as the biggest hurdle to Murdoch's unsolicited $5 billion offer to buy the publisher of the venerable Wall Street Journal newspaper and owner of the Dow Jones Newswires.


Read more at Reuters.com Mergers News

UPDATE 1-Merrill delays selling Bear Stearns assets - CNBC

(Reuters) - Merrill is delaying selling the assets until it hears the
troubled hedge fund's plan to recapitalize, the network
reported. Merrill and Bear are expected to discuss the plan on
Monday or Tuesday, CNBC said.




The Wall Street Journal reported on Saturday that Merrill,
which is one of the fund's biggest lenders, had seized $400
million of assets from the Bear Stearns High-Grade Structured
Credit Strategies Enhanced Leverage Fund. That fund was down 23
percent through April after suffering losses in investments in
subprime mortgages, or home loans made to people with weak
credit, the newspaper said.


Read more at Reuters.com Mergers News

UPDATE 2-Wall Street Journal set for editorial shakeup-NYT

(Reuters) - Brauchli, in an e-mail message, declined to confirm or deny the Times report, but said, "key elements of the Times story are wrong or misleading." He did not provide more detail.




A Wall Street Journal spokesman declined to comment, while a spokeswoman for Dow Jones did not immediately return a call.


Read more at Reuters.com Mergers News

Bancrofts to discuss Dow Jones bid with News Corp.: WSJ

(Reuters) - The Wall Street Journal is owned by Dow Jones.




Read more at Reuters.com Business News