Thursday, 2 August 2007

Dow Jones sold to News Corporation

Rupert Murdoch, Chairman of the News Corporation that also owns The Sun and the Times has offered £2.76 billion for Wall Street Journal publisher Dow Jones and this offer has been accepted yesterday. He bought the Wall Street Journal after agreeing a takeover with Dow Jones’s controlling Bancroft family. Fox News, Twentieth Century Fox film and TV studios, internet site MySpace will all be part of the News Corporation owned by Mr Rupert Murdoch.

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