At least my kids will be happy
Standard & Poor’s on Wednesday said video game retailer GameStop Corp. will replace Dow Jones & Co., the parent of The Wall Street Journal, Marketwatch and Barron’s,Â in the S&P 500 at a date yet to be announced, according to an Associated Press story.
Dow Jones is being bought by Rupert Murdoch‘s News Corp., although the deal has yet to be completed. It’s expected to close soon after a shareholders meeting scheduled for the end of next week.
In addition, Dow Jones set a deadline of Dec. 12 for its shareholders to decide whether to take News Corp. stock or cash in exchange for its Dow Jones stock once the deal closes.