Murdoch scores Dow Jones

According to former Sunday Times editor, Andrew Neal:

"Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones, owners of the Wall Street Journal, according to sources acting for the Dow Jones board. Negotiations on price and matters of principle have been completed, though some details remain to be resolved. None is regarded by either side as a deal-breaker.

"The Dow board is confident that the terms of the deal will be accepted by the Bancroft family, which controls a majority of voting shares in Dow Jones, over the next few working days. A formal announcement is expected next week."