BBC News
watch One-Minute World News
Last Updated: Thursday, 13 December 2007, 16:36 GMT
Dow Jones shareholders clear bid
Rupert Murdoch
Mr Murdoch had to win over some of the controlling family
Shareholders in Dow Jones have given their final approval to the $5bn (2.5bn) takeover of the company by Rupert Murdoch's News Corp.

The deal was approved by 60.3% of the shareholder vote.

The controlling shareholders, the Bancroft family, initially opposed the offer, but Mr Murdoch was able to win over enough of them to win the vote.

The $60-a-share offer represents a 65% premium for the media group that owns the Wall Street Journal newspaper.

It is understood that the necessary shareholders were won over with promises that the Journal will maintain its editorial independence.



SEE ALSO
Murdoch son gets key media role
07 Dec 07 |  Business
Dow Jones chief announces exit
06 Dec 07 |  Business
Murdoch wins fight for Dow Jones
01 Aug 07 |  Business
Q&A: Dow Jones takeover
01 Aug 07 |  Business
Dow Jones board backs News Corp
18 Jul 07 |  Business
Dow Jones director quits over bid
19 Jul 07 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific