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Article: News Corp. Makes Bid for Dow Jones

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AP Online
Article date:
May 1, 2007
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NEW YORK - Dow Jones & Co., publisher of The Wall Street Journal, said Tuesday it has received an unsolicited bid from Rupert Murdoch's News Corp. to buy the company for $60 per share, or $5 billion.

Shares of the financial news publishing company soared after the cable news channel CNBC reported news of the offer earlier Tuesday.

After opening at $37.12, the shares jumped $20.95, or 58 percent, to $57.28 before being halted on the New York Stock Exchange for news pending. They had traded in a 52-week range of $32.16 to $40.08 before Tuesday's news.

Dow Jones said in a brief statement that its board had received the proposal from News Corp. to buy the company with ...

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