Murdoch makes $60 a share unsolicited offer for Dow Jones
David Faber reports the Bancroft family, which controls Dow Jones with ownership of roughly 62% of voting stock, has hired advisors to help weigh the offer. || Wall Street Journal (now a free link): The offer could set off a bidding war for Dow Jones. Possible rival suitors include the Washington Post Co., the New York Times Co. and possibly even Bloomberg LP. || Associated Press: Report of Rupert Murdoch‘s bid sends Dow Jones shares up nearly 60%. || Associated Press: Shares of most newspaper publishers surge. || Earlier prediction: Murdoch will buy Dow Jones in 2007.
> Friedman: Murdoch’s DJ bid calls a bottom for newspaper stocks (MW)
> Analyst says DJ better be prepared to go to court if it rejects bid (MW)

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