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Reuters is reporting that the family controlling Dow Jones & Co. Inc.'s voting shares "has accepted" News Corp.'s $5 billion offer to buy the publisher of the Wall Street Journal. "The Bancroft family has accepted," John Prestbo, editor and executive director of Dow Jones Indexes, told reporters on Tuesday in Chicago. Dow Jones "will be part of News Corp," he said.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.