done-deal

abalk · 07/31/07 10:13AM

"Dow Jones & Co. Inc.'s controlling Bancroft family 'has accepted' News Corp.'s $5 billion offer to buy the publisher of the Wall Street Journal, an executive of a Dow Jones unit said on Tuesday. 'The Bancroft family has accepted,' John Prestbo, editor and executive director of Dow Jones Indexes, told reporters on Tuesday in Chicago. Dow Jones 'will be part of News Corp,' he said." Finally. Now bring on the weeks of recrimination! [Reuters]

abalk · 07/31/07 08:57AM

"Dow Jones is expected to reach a definitive agreement tonight to be acquired by Rupert Murdoch's News Corp., CNBC's David Faber reported." Either way, just get it over with already! [CNBC]