Monday, July 30, 2007

The Dow Jones Deal Charges Ahead

This just appeared on the Online Journal:


News Corp. Says It's 'Highly Unlikely'
To Buy Dow Jones at Current Count

July 30, 2007 2:26 p.m.

News Corp. Corp. is "highly unlikely" to proceed with its $5 billion offer for Dow Jones & Co. if its bid doesn't get more support from the Bancroft family than has currently emerged, a News Corp. spokesman said.


The stock is down on this news.

Maybe I'm cynical, but I interpret this to mean that the Dow Jones deal is charging ahead.

What Rupert wants, Rupert gets.

© 2007 Gary Weiss. All rights reserved.

Digg my article


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

Labels: , ,

Links to this post:

Create a Link

<< Home

Enter your email address:

Delivered by FeedBurner