News Corp. makes unsolicited offer for Dow Jones

Share this content:

Dow Jones & Co. yesterday said its board of directors had received an unsolicited proposal from News Corp. to acquire all of the outstanding shares of Dow Jones common stock and Class B common stock for $60 per share in cash, or in a combination of cash and News Corp. securities.

Dow Jones publishes The Wall Street Journal and other publications. Its New York Stock Exchange price saw a $20.95 jump yesterday - to $57.28 - after reports of the offer. Further increases were halted for news pending.

The Bancroft family is the majority shareholder for the company.

Dow Jones said that the board of directors and Bancroft family members, trustees and financial advisors were evaluating the proposal. The company made no assurance that a transaction would take place.

News Corp., a global media and entertainment giant, reported assets last year totaling about $59 billion. Its current media hold spans film, television, magazines, newspapers and book publishing. Some of its newspapers include Australia's Daily Telegraph, Britain's The Times and the United States' New York Post.

This is a 40 Under 40 Profile. Click here to see all profiles as well as previous year's winners.

Loading links....

Next Article in Media/Circulation

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here