Thursday, June 21, 2007

GE, Pearson drop Dow Jones takeover pursuit

(Reuters) - NEW YORK, June 21 - General Electric Co. and Pearson Plc said on Thursday they will not pursue a joint offer for publisher Dow Jones & Co. Inc. , removing a potential challenge to a $5-billion bid by Rupert Murdoch's News Corp. .



GE, the world's second-largest company by market capitalization, and Pearson, publisher of the Financial Times, said they had held exploratory talks over combining their financial news outlets with Dow Jones, home to the Wall Street Journal.


Read more at Reuters.com Mergers News

No comments: