• Most Popular
  • Most Shared

Dow Jones to pay News $165 mln fee if deal fails

NEW YORK
Wed Aug 1, 2007 11:24am EDT

NEW YORK (Reuters) - Dow Jones & Co. Inc. will pay News Corp. a $165 million fee if a deal to buy the company is terminated, the company said in a filing on Wednesday.

Technology  |  Mergers & Acquisitions

In addition, if the deal is voted down by shareholders, Dow Jones will reimburse News Corp's expenses, up to $25 million, the filing said.

News Corp. said Wednesday it would buy Dow Jones for $5.6 billion, adding the Wall Street Journal to its worldwide media empire and ending a century of family ownership of one of the top U.S. business news sources.
Technology
Mergers & Acquisitions


More from Reuters

Photo

Axelrod says Congress will pass healthcare bill

WASHINGTON (Reuters) - White House senior advisor David Axelrod predicted on Sunday that Congress would approve a major healthcare overhaul, one day after Democratic senators secured the 60 votes needed for passage.

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review