News Corp makes move in Wall Street Journal

The US publisher of the The Wall Street Journal today said it had received a preliminary takeover approach from Rupert Murdoch’s media company News Corporation.

News Corp makes move in Wall Street Journal

The US publisher of the The Wall Street Journal today said it had received a preliminary takeover approach from Rupert Murdoch’s media company News Corporation.

Dow Jones confirmed it had received an unsolicited bid proposal of 60 US dollars a share (£30) from the owner of The Sun and The Times valuing the firm at around 5 billion US dollars (£2.5bn).

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