Following overnight negotiations, the board of Rupert Murdoch's News Corp. met Tuesday afternoon and approved Murdoch's bid to purchase Dow Jones & Co., which owns The Wall Street Journal. The deal is valued at $5 billion.
Members of the Bancroft family, which has had a controlling interest in the company for a century, hold the key to the merger.
The Dow Jones board meets Tuesday evening.
Copyright 2023 NPR. To see more, visit https://www.npr.org.
