NEW YORK, May 1 (Xinhua) -- Dow Jones & Co., publisher of The Wall Street Journal, announced Tuesday that it has received a bid from News Corp. to buy the company for about 5 billion U.S. dollars, or 60 dollars a share.

    Dow Jones said in a statement that its board, and members of the Bancroft family, the company's controlling shareholder, are "evaluating the proposal."

    Shares of Dow Jones soared over 50 percent to 20.86 dollars, or 57.42 percent, on the New York Stock Exchange.

    News Corp sent a letter to Dow Jones' Board of Directors two weeks ago, said CNBC.

Related:

Bancroft to vote against News Corp.'s bid for Dow Jones

    NEW YORK, May 1 (Xinhua) -- Bancroft family, the Dow Jones & Company's controlling shareholders, said Tuesday to vote against News Corporation's 5 billion dollars bid for the company.

    Earlier Tuesday, Dow Jones & Company, publisher of The Wall Street Journal announced that it has received a bid from News Corporation to buy the company for about 5 billion dollars, or 60 dollars a share either in cash or a combination of cash and News Corp. stock.

    Shares of Dow Jones soared over 50 percent to 20.86 dollars, or57.42 percent, on the New York Stock Exchange due to the offer.  Full story

Dow Jones shares soar over 50% on News Corp. bid

     NEW YORK, May 1 (Xinhua) -- Shares of Dow Jones & Co., publisher of The Wall Street Journal, soared over 50 percent Tuesday morning as News Corp. offered to buy the company for 60 dollars a share.

    As of 12:00 p.m. local time (1600 GMT), the shares jumped 20.86 U.S. dollars, or 57.42 percent, on the New York Stock Exchange.  Full story