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Murdoch makes play for Dow Jones
0 Comments | USA TODAY, May, 2007 | by David Lieberman, Matt Krantz and Laura Petrecca
Folks on Wall Street have made a fortune betting on the moves of News Corp. CEO Rupert Murdoch.
But are they ready to trust getting their financial news from the media mogul who has given us Homer Simpson, Simon Cowell, Bill O'Reilly and the New York Post's famous Page Six gossip franchise?
That was the question of the day Tuesday after Dow Jones said that it is considering a $5 billion offer from Murdoch to buy the company that virtually defines financial news with properties that include The Wall Street Journal, Barron's, the Dow Jones Newswires, Factiva and MarketWatch.
Murdoch made the $60-a-share offer prior to Dow Jones' April18 board meeting. CNBC first reported the offer Tuesday, and both companies confirmed it.
Now, the company's...
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