(Reuters) - The Bancrofts control 64 percent of the voting shares of Dow Jones, owner of the Wall Street Journal. Slightly less than half of the family's votes favored the deal as of late Sunday, the Journal reported, citing a source close Dow Jones' board. This accounts for 28 percent of the overall voting shares.
That's just shy of the 30 percent voting approval that would give News Corp a comfortable margin to win support from outside shareholders, who hold about 29 percent of voting shares and are expected to largely back the deal.
Read more at Reuters.com Business News
That's just shy of the 30 percent voting approval that would give News Corp a comfortable margin to win support from outside shareholders, who hold about 29 percent of voting shares and are expected to largely back the deal.
Read more at Reuters.com Business News
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