Bancroft member moves to block sale of Dow Jones

BANCROFT MEMBER MOVES TO BLOCK SALE OF DOW JONES: SOURCE
[SOURCE: Reuters]
Christopher Bancroft, part of the family that controls Dow Jones, is trying to block a takeover by Rupert Murdoch's News Corp., a source familiar with the situation said on Monday. Bancroft has recently approached hedge funds and private equity firms, hoping to buy enough voting shares of Dow Jones to give him the power to thwart a sale. Bancroft is trying to buy more "supervoting" shares from other Bancroft heirs who may be ready to sell their stakes but share his distaste for handing the family legacy to Murdoch.
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