Dow Jones’s 16-member board voted to approve News Corp.’s $5 billion bid for the company, with two directors abstaining from the vote and one — Christopher Bancroft, who has been actively seeking alternatives to Rupert Murdoch — leaving the meeting early. The board’s backing now sends the offer to the Bancroft clan, who control the majority voting shares of the company, for a final vote. The Wall Street Journal said tonight that the family is set to meet Monday and will be given several days to consider the deal. “The board’s endorsement puts some pressure on the Bancrofts to back a sale, but doesn’t obligate family members — who have been divided over the bid — to do so.” Previous: Rupe In Tentative Deal To Buy Dow Jones
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