Explications: What Everyone's Saying About Rupert Murdoch's Bid For Dow Jones - Gawker
The bid by Rupert Murdoch for the Dow Jones Company owner of The Wall Street Journal and other properties, is not meeting with a friendly reception. The bid for $5 million is reportedly going to be voted down by more than 50 percent of the voting shares. A number of the shares are owned by the Bancroft family,which is said to have long disliked Murdoch's newspaper style. Murdoch is after the company to create a foundation for his own business news channel that he is planning on starting.
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