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Rupert Kinda Sorta Buys Dow Jones

But Then Again Maybe Not

By Published on .

According to UK publication The Business, "Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones, owners of the Wall Street Journal, according to sources acting for the Dow Jones board."

But according to this report, "The agreement awaits approval from the Bancroft family, Dow Jones' controlling shareholders."

Seems to me that's what the hold-up was all along. So if the Bancrofts haven't approved anything, then there is no sale. Right?

UPDATE: Gotta love this short and too-the-point statement from Dow Jones: "An article published on Thebusinessonline.com this morning stating that an agreement in principle has been reached for the sale of Dow Jones & Company to News Corp is incorrect."
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