Monday, July 16, 2007

Christopher Bancroft Tries To Block Rupert Murdoch's Bid For WSJ (Wall Street Journal)



Wow. Well, apparently Murdoch's (pictured) is not liked by this Bancroft, who's not giving in, or perhaps he's just trying to drive up the share price?

From CNBC: A Dow Jones board member who is also part of the family that controls the company has launched a last-ditch effort to block a takeover by Rupert Murdoch's News Corp., the Wall Street Journal reported on Sunday.

Christopher Bancroft has recently approached hedge funds, private equity firms and General Electric, hoping to buy enough voting shares of Dow Jones to give him the power to thwart a sale, the paper reported on its Web site, citing people familiar with the matter.

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