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Article: 'Brinksmanship' In Overnight Negotiations to Sell Dow Jones.
- Article from:
- The New York Observer (New York, NY)
- Article date:
- July 31, 2007
CopyrightCOPYRIGHT 2007 The New York Observer. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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While you were sleeping, the proposal to sell Dow Jones, Inc. to Rupert Murdoch's News Corp. got more complicated.
The Bancroft family, which controls Dow Jones Inc., missed a self-imposed deadline yesterday to line up enough votes to agree to sell the company to Rupert Murdoch's News Corp.
This morning The Wall Street Journal describes yesterday "as a tense day in which some family advisers and Dow Jones board members scrambled to line up enough votes to ensure the sale. A 5 p.m. deadline set by the family came and went amid apparent brinksmanship in both camps."
But they're still working on it.
Late last night, The Journal reports, ...