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Bancroft family accepts News deal - DJ executive

Tue Jul 31, 2007 11:06am EDT

Mergers & Acquisitions

CHICAGO, July 31 (Reuters) - Dow Jones & Co. Inc.'s DJ.N controlling Bancroft family "has accepted" News Corp.'s NWSa.N $5 billion offer to buy the publisher of the Wall Street Journal, an executive of a Dow Jones unit said on Tuesday. "The Bancroft family has accepted," John Prestbo, editor and executive director of Dow Jones Indexes, told reporters on Tuesday in Chicago. Dow Jones "will be part of News Corp," he said.

Prestbo told Reuters the information came from an internal company memo.

(Reporting by Sam Nelson)

((Editing by Gerald E. McCormick; Reuters Messaging: kenneth.li.reuters.com@reuters.net; +646-223-6224; e-mail: kenneth.li@reuters.com))

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Mergers & Acquisitions


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