Goodbye, White Knight

The possibility of a Dow Jones white knight evaporated today, as General Electric said that it was abandoning talks with Pearson PLC about putting in a bid. So it appears that Rupert Murdoch's chances have increased from 95% to something like 102%.

With the Dow Jones board telling the Bancrofts to take a hike, it now appears that Rupert Murdoch's chances... hey, I just said that.

In fact, there really isn't anything left to say.

© 2007 Gary Weiss. All rights reserved.

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Wall Street Versus America was published by Penguin USA on April 6.
Click here for its Amazon.com listing and here for more information on the book, from my web site, gary-weiss.com.