Dow Jones shareholders approve News Corp buyout
December 14, 2007
DOW JONES SHAREHOLDERS APPROVE NEWS CORP BUYOUT
[SOURCE: Reuters, AUTHOR: Kenneth Li]
Dow Jones & Co Inc shareholders voted to approve a $5.6 billion buyout by News Corp on Thursday, giving Rupert Murdoch control of one of the world's most influential newspapers, the Wall Street Journal. The purchase cements his position as gatekeeper of media outlets spanning from his hometown in Australia to London to New York.
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