Dow Jones
Dow Jones & Company is an American publishing and financial
information firm.
The company was founded in 1882 by three reporters: Charles Dow,
Edward Jones, and Charles Bergstresser. Like The New York Times and the
Washington Post, the company was in recent years publicly traded but privately
controlled. The company was led by the Bancroft family, which effectively
controlled 64% of all voting stock, before being acquired by News
Corporation.
The company became a subsidiary of News Corporation after an
extended takeover bid during 2007.[2] It was reported on August 1, 2007 that
the bid had been successful[3][4] after an extended period of uncertainty about
shareholder agreement.[5] The transaction was completed on December 13, 2007.
It was worth US$5 billion or $60 a share, giving NewsCorp control of The Wall
Street Journal and ending the Bancroft family's 105 years of
ownership.[
information firm.
The company was founded in 1882 by three reporters: Charles Dow,
Edward Jones, and Charles Bergstresser. Like The New York Times and the
Washington Post, the company was in recent years publicly traded but privately
controlled. The company was led by the Bancroft family, which effectively
controlled 64% of all voting stock, before being acquired by News
Corporation.
The company became a subsidiary of News Corporation after an
extended takeover bid during 2007.[2] It was reported on August 1, 2007 that
the bid had been successful[3][4] after an extended period of uncertainty about
shareholder agreement.[5] The transaction was completed on December 13, 2007.
It was worth US$5 billion or $60 a share, giving NewsCorp control of The Wall
Street Journal and ending the Bancroft family's 105 years of
ownership.[