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For Knight Ridder There Was Next To No Premium; For Tribune There Was Next To No Premium; But For Dow Jones Rupert Murdoch Offers a 65%+ Premium. Think He’s Interested In Doing This Deal?
Philip Stone May 2, 2007
In an absolutely astonishing, but an extremely savvy move, Rupert Murdoch has made the Bancroft family an offer for Dow Jones that if considered on financial grounds alone is going to be hard to refuse. It boils down to whether the family is more interested in retaining legacy, no matter the financial enrichment the family would earn from the deal, or is it time to take the money and run?
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