Sunday, June 17, 2007

GE makes play for Dow Jones
According to a WSJ alert:
General Electric and Financial Times publisher Pearson are in talks about making a joint bid for Dow Jones that would allow the Bancroft family to keep a minority interest in the company.
Under a scenario that has been discussed, GE's CNBC unit, the FT and Dow Jones would be combined in a privately held joint venture, according to people familiar with the matter. The joint venture would be owned in equal parts by GE and Pearson, with the Bancroft family maintaining a minority stake in the new company, these people said.
This is very interesting and might throw a monkeywrench into Rupert Murdoch's plans.

No comments: