Murdoch's News Corp. Bid for Dow Jones Rejected

Just hours after Rupert Murdoch's News Corp. made an unsolicited offer Tuesday to buy Dow Jones & Co., publisher of The Wall Street Journal, the family that controls Dow Jones announced that it had rejected the bid. The Bancroft family controls a little more than 50 percent of the votes at Dow Jones and announced after the stock market closed that it would reject the proposed bid. The family did not comment on whether or not it would accept any other offer -- from Murdoch or somebody else....Full Story
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