Dow Jones & Co., the parent of The Wall Street Journal, denied a report in a British magazine that it has a deal to sell the company to News Corp.
A Dow Jones Newswires story stated, “A spokeswoman for Dow Jones said the report from The Business was ‘false.’ She said there has been ‘no change’ in ongoing negotiations on the takeover offer from News Corp. (NWS). ‘The only agreement is on editorial independence,’ said the spokeswoman, Andrea Grinbaum.
“On its Web site earlier Friday, The Business said negotiations between News Corp. and a five-person committee of independent directors consisting of Richard Zannino, Peter McPherson, Harvey Golub, Lewis Campbell and Michael Elefante are complete.”
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