NEW YORK, June 5 (Xinhua) -- Los Angeles billionaire
Ron Burkle joined a bid battle Tuesday against Rupert Murdoch' offer for Dow
Jones.
Burkle told the Independent Association of
Publishers' Employees, which represents 2,000 Dow Jones workers, that he was
interested in working with the union to put together an offer for the company.
The union, which had expressed its concerned
about maintaining the quality and independence of the Wall Street Journal under
Murdoch, said in a statement that it was working to reach out to potential
investors.
Burkle was the first of several potential bidders to
respond to its overtures, said the union.
The union has also reached out to Warren Buffett but
did not get a response so far.
BEIJING, May 8 -- James Ottaway Jr, whose family controls
6.2 percent of voting rights at Dow Jones & Co, opposes a 5 billion U.S.
dollars takeover bid by Rupert Murdoch's News Corp, saying it threatens the
publisher's editorial integrity.
Dow Jones' brand name and its reputation for "accurate,
fair, objective and reliable business news reporting" would be "damaged" if News
Corp acquired the company, Ottaway said in a statement on Sunday on the Wall
Street Journal's Website. His son, Jay, voiced similar opposition in a separate
statement. Full story
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." Full story
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
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
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