Rupert Murdoch Takes Dow Jones in $5.6 Billion Takeover Deal

The latest company to fall under the control of Rupert Murdoch is Dow Jones & Co or more commonly know as Dow Jones.

Rupert Murdoch owns News Corporation, the massive media group which owns media companies such as Sky TV, The Sun Newspaper and the Myspace.com website.

Rupert Murdoch was experiencing some trouble with a controlling family, the Bancrofts, but they have now agreed to sell their controlling interest to Rupert Murdoch and so Rupert Murdoch will take control of Dow Jones.

The Bancroft family had owned 37% of Dow Jones, so it was essential for Rupert Murdoch to get their support and more importantly their stock.

What do you think about Rupert Murdoch taking over Dow Jones?

Does Rupert Murdoch have too much power in the media world?

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