Dow Deal Done
From the Times:The Bancroft family has accepted News Corporation's $5 billion (£2.46 billion) offer to buy Dow Jones, the owner of The Wall Street Journal, a Dow Jones executive said this afternoon, citing an internal company document.
John Prestbo, editor and executive director of Dow Jones Indexes, said that “the Bancroft family has accepted†the offer, Reuters reported. Dow Jones “will be part of News Corpâ€, he added.
Gosh, what a non-surprise.
