The Telegraph newspaper in London is reporting that Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch, is near a deal to acquire the Financial News newspaper in that country.
Ben Harrington wrote, “It is understood Dow Jones, which publishes The Wall Street Journal, is in advanced negotiations to acquire Financial News. A deal could be announced within days.
“Financial News is published in print every week and has its own real-time financial website with around 40,000 subscribers. It is widely read in the City of London, and has a strong following among Europe’s top investment bankers and investors. The newspaper was founded by journalists, including The Mail on Sunday’s former City editor Clive Wolman, and Peter Wilson-Smith, a former business correspondent for The Times, as London Financial News in the 1990s.
“The sale of Financial News, which is being handled by NM Rothschild, is likely to net some of the founders, who are still shareholders, a significant amount of cash.”
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