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The prospect that offers will come in to compete with Rupert Murdoch’s $5 billion bid for Dow Jones is growing slim.
General Electric and British publisher Pearson have decided not to make an offer for the company, GE announced yesterday, reports The New York Times. That leaves Murdoch’s News Corp. as the only bidder, according to the Times.
While analysts believe joint ventures like the GE and Pearson possibility can be difficult to manage, either company could decide to bid on their own for Dow Jones, writes MediaPost.
“The announcement doesn’t preclude GE from going out and trying to buy Dow Jones on their own,” David Joyce, stock market analyst for Miller Tabak & Co., is quoted as saying. “I wouldn’t count them out yet.”
Sources within Dow Jones and News Corp. have said that the Dow Jones board is expected to hold negotiations with News Corp. perhaps as soon as next week.
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Katz has also…
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The 82nd annual Macy’s Thanksgiving Day Parade pulled an average 12.6 rating/26 share on Thanksgiving morning, Nov. 27, according to Nielsen.
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The research, which aggregated a year’s…
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