- News Corp., ( NASDAQ: NWSA ) the parent of Dow Jones, rose 5% , on report that billionaire Michael Bloomberg is said to be interested in purchasing Dow Jones or the Washington Post.
- Bloomberg is said to be close to New's Corp. ( NWSA ) Rupert Murdoch and is said to believe that efforts to merge News Corp. and Fox Corp. ( FOX ) will fail, which may open a chance to buy Dow Jones, according to an Axios report. Bloomberg hasn't approached Murdoch or spoken to bankers about a possible deal.
- News Corp. declined to comment to Axios. Dow Jones is the parent of the Wall Street Journal, Barron's and MarketWatch.
- Bloomberg sees a potential purchase of the Washington Post as a formidable competitor to the New York Times ( NYT ), according to Axios.
- A News Corp. ( NWSA ) special committee tasked with examining a potential recombination with Fox ( FOXA ) earlier this month announced it hired legal and financial advisers to dig into Murdoch's proposal.
- Some holders of News Corp. have come out against a potential recombination of Fox ( FOXA ) and News Corp. ( NWSA ).
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News Corp. gains on report Bloomberg looking at potential purchase of Dow Jones