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The company was founded in 1882 by three reporters:
Charles Dow, Edward Jones, and Charles Bergstresser. Like The New York Times
and the Washington Post, the company was in recent years publicly traded but
privately controlled. The company was led by the Bancroft family, which effectively
controlled 64% of all voting stock, before being acquired by News Corporation.
The company became a subsidiary of News Corporation
after an extended takeover bid during 2007. It was reported on August 1, 2007
that the bid had been successful after an extended period of uncertainty
about shareholder agreement. The transaction was completed on December 13,
2007. It was worth US$5 billion or $60 a share, giving News Corp control of The
Wall Street Journal and ending the Bancroft family's 105 years of ownership.
Type
Subsidiary
Industry News and Publishing
Founded
15 Wall Street, New York (1882)
Founder(s)
Charles Dow, Edward Jones
Headquarters
1211 Avenue of the Americas, New York, New York
Key people
Todd Larsen (President)
Products
Wall Street Journal
Barron's Magazine
Dow Jones Newswires
Dow Jones Financial Information Services
Factiva
FINS.com
MarketWatch.com
SmartMoney
Vedomosti
(See complete products listing.)
Website
dowjones.com
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