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Article: Family to meet with Murdoch on Dow Jones bid Bancrofts to look at other options
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- June 1, 2007
CopyrightCopyright 2007 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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LOS ANGELES - Dow Jones & Co.'s controlling Bancroft family
reversed course and said it plans to meet with Rupert Murdoch's News
Corp. to discuss his $5 billion bid for the publisher of The Wall
Street Journal.
"The family has reached consensus that the mission of Dow Jones
may be better accomplished in combination or collaboration with
another organization which may include News Corp.," the Bancrofts
said in a statement on the Journal's website.
The decision, coming after a detailed review of Dow Jones's
prospects, marks a reversal of the family's position since Murdoch
disclosed his $60-a-share bid on May 1. The Bancrofts hold about 64
percent of the voting power at Dow Jones, which also ...