New York—News Corp.'s Dow Jones & Co. said it will acquire from SBI Holdings the 40% of the Wall Street Journal Japan K.K. it doesn't already own. The Wall Street Journal Japan is a joint venture that produces WSJ.com's Japanese-language website.
After taking over sole ownership of the site, which debuted in 2009, Dow Jones said it plans to expand the site's operations.
“Together with the WSJ.com Chinese-language edition and soon-to-launch Bahasa Indonesia news site, the expansion in Japanese enables us to continue reaching new readers in Asia and to introduce them to the broader, comprehensive coverage of the Wall Street Journal worldwide,” said Lex Fenwick, Dow Jones CEO, in a statement.