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

Wed Aug 1, 2007 11:24am EDT
 
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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.

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.

 

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