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Article: Murdoch bids $5B for Dow Jones\

Article from:
Post-Tribune (IN)
Article date:
May 2, 2007
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A headline announcing that News Corp. has bid $60 a share to buy Dow Jones is displayed on a electronic board in Times Square.(PHOTO - Color) (ASSOCIATED PRESS PHOTO)

Dow Jones & Co., publisher of The Wall Street Journal has received an unsolicited bid from Rupert Murdoch's News Corp. to buy the company for $5 billion. The family which controls the company will oppose the deal.

Dow Jones said its board had received the offer from News Corp. to buy the company at $60 a share, either in cash or a combination of cash and News Corp. stock. News of the offer, which was first reported on CNBC, sent Dow Jones' shares soaring, and also ...

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