Dow Jones & Co., the owner of The Wall Street Journal, Barron’s and Marketwatch, announced Tuesday evening that its acquisition by News Corp. has cleared a major regulatory hurdle.
“The merger, which is expected to close in the fourth calendar quarter, remains subject to approval by Dow Jones stockholders, execution and delivery by the parties of the editorial agreement, certain other regulatory approvals and other customary closing conditions.”
Read more here.
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Another step closer to the most talked about merger of 2007. Hopefully it goes off without any hitch and see whether Murdoch baiters are right or its just a pure business sense by him.