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Article: Dow Jones family is warming to Murdoch
- Article from:
- Deseret News (Salt Lake City)
- Article date:
- June 2, 2007
- Author:
CopyrightCopyright 2007 Deseret News (Salt Lake City). Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK -- The family that controls Dow Jones & Co. says it is
warming to the idea of selling the company to Rupert Murdoch or
someone else, citing the "evolving competitive environment" in which
the publisher of The Wall Street Journal operates.
To get an idea of just how fast that world is evolving, look no
further than a blockbuster deal to combine two major financial news
providers, Thomson Corp. and Reuters Group PLC, which first leaked
out just two days after the Bancroft family's initial dismissal of
Murdoch's bid in early May.
That deal, currently worth $17.8 billion, will create the world's
largest provider of real-time financial news and information,
putting Dow Jones in an even ...