Just received this News Alert from the Wall Street Journal:
News Corp.’s $5 billion purchase of Dow Jones has been approved by the boards of both companies, which met separately over the past few hours. After three months of drama in the Bancroft family and public debate about journalistic values, the two companies are expected to sign a merger agreement and issue statements in the next few hours. The deal ends a century of Bancroft-family ownership at Dow Jones.
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