Rupert Murdoch on Wednesday clinched victory in his battle to acquire Dow Jones after securing support from enough Bancroft family members to secure majority backing for his $5bn cash offer for the owner of The Wall Street Journal.
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Aline van Duyn on Rupert Murdoch’s battle for Dow Jones
The breakthrough came after nearly four months of often torturous negotiations between the media mogul and the fractious clan of heirs to a family which has controlled the leading US financial newspaper for more than a century.
