Murdoch Makes Unsolicited Bid For Dow Jones

Associated Press May 1, 2007 12:14 PM

Dow Jones & Co., publisher of The Wall Street Journal, said Tuesday it has received an unsolicited bid from Rupert Murdoch's News Corp. to buy the company for $60 per share, or $5 billion.
Shares of the financial news publishing company soared after the cable news channel CNBC reported news of the offer earlier Tuesday.

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