Dow Jones board meets with bankers to assess options
The Financial Times is reporting Wednesday thatÂ the board of Dow Jones & Co. met with bankers from Goldman Sachs to assess their options in the wake of the $5 billion offer from News Corp. for the owner of The Wall Street Journal, Barron’s and Marketwatch.
James Politi, Aline van Duyn and Josh Chaffin wrote, “Goldman Sachs, which is advising Dow Jones, was expected to give the full board an update on the News Corp bid.
“Goldman bankers were also expected to focus on an assessment of whether other media groups or private equity investors would come forward with a rival bid.
“People close to Mr Murdoch said he had not heard back from the Bancrofts on Wednesday about his requests for a meeting in the next two to three weeks.”
Read more here.