Rupert Murdoch is set to achieve his decades-long dream of running the venerable Wall Street Journal after Dow Jones & Co Inc's board agreed to News Corp's USD 5 billion buyout bid on Tuesday.
The board decided to accept the offer at a meeting Tuesday evening, according to a source familiar with the matter, shortly after News Corp's board approved the deal.
The 76-year-old media mogul spent the past three months courting the Bancroft family, which has controlled Dow Jones for more than a century.
Read more in The Financial Express
