It's the $5 billion offer originally made by Rupert Murdoch's News Corp. As reported tonight by the WSJ, negotiators from News Corp. and Dow Jones - including CEO Richard Zannino and two independent directors - reached an agreement in principle. The full Dow Jones board will meet on the proposal tomorrow night. But even if the sale is approved by the board, it still must pass muster from the Bancroft family, which controls 64 percent of DJ stock. Zannino told News Corp. that the family's position was too close to call, the WSJ reported.
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