|
 NEW YORK (AP) - Rupert Murdoch has gotten the attention of Dow Jones & Co. with his $5 billion bid for The Wall Street Journal owner. But if he wants to acquire the company he's long had his eye on, he'll have to win over Dow Jones' controlling shareholders, the Bancroft family.
"Our understanding is that there are several members of the family who have not made a final decision," Murdoch told The New York Times for a story published Friday. "I think the next step for us is to be patient and to be available at anytime should they respond to my suggestion for a meeting."
Murdoch said the Bancrofts, who own 24.7 percent of Dow Jones' stock but hold 64.2 percent of the voting rights, have not answered any of his invitations since his News Corp. offered to pay $60 a share for the company.
|