Dow Jones Agrees to Murdoch Takeover
LINDA WERTHEIMER, Host:
WERTHEIMER The Wall Street Journal is reporting that its parent company has agreed to be purchased by Rupert Murdoch's News Corp. This evening the Dow Jones board will vote on whether to accept the $5 billion offer Murdoch made three months ago. The controlling Bancroft family has so far balked at selling to Murdoch. Some family members searched for another buyer but it seems their efforts were in vain.
(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR.
NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.