Market Updates
News Corp. and Dow Jones Agree to Merge for $5 B
Elena
01 Aug, 2007
New York City
-
Murdoch added one of the great trophies of U.S. journalism to his global media empire in a deal valued at $5 billion. Bancroft family members and trustees, representing 37% of the company''s shareholder vote, agreed to support the deal. Another 29% of the vote is held by public shareholders, who are very likely to support Murdoch. The combined percentage will be enough to guarantee passing of the deal.
[R]8:00AM News Corp. and Dow Jones agreed to merge for $5 billion.[/R]
Rupert Murdoch’s News Corp. ((NWS)) and WSJ publisher Dow Jones & Co. ((DJ)) announced early Wednesday they signed a definitive merger agreement. Murdoch added one of the great trophies of U.S. journalism to his global media empire in a deal valued at $5 billion. The Bancroft family, which have owned the newspaper for over a century, initially rejected Murdoch's offer in early May, but then agreed to reconsider.
Bancroft family members and trustees, representing 37% of the company''s shareholder vote, agreed to support the deal. Another 29% of the vote is held by public shareholders, who are very likely to support Murdoch. The combined percentage will be enough to guarantee passing of the deal.
The deal is expected to expand Murdoch''s global media and entertainment empire News Corp., which owns the Fox broadcast network, Fox News Channel, the Twentieth Century Fox movie and TV studio, MySpace, newspapers in Australia and the U.K.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|