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It is the deal that the employees and editors at Dow Jones (DJ) want. The controlling Bancroft family would love to tell Rupert Murdoch to head along home.
GE (GE) and Pearson (PSO) are looking at a buy-out of Dow Jones that would put the company together with Pearson’s Financial Times GE’s CNBC to create a privately-held joint venture. The Bancroft family would keep a minority interest.
For weeks it has appeared that no other company would step forward to offer to bid against Murdoch because the premium he has offered is to hight.
It would not be surprising if the economics of the deal are slightly better for Pearson and GE than they would be for Murdoch’s News Corp. Dow Jones wants to avoid his ownership that much.
Douglas A. McIntyre
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