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News Corp and Dow Jones board have come to an agreement on the make up of an editorial board that would oversee the Wall Street Journal following its acquisition…this settlement means it would allow the two sides to start talking about the actual deal: the buyout. The pact still requires clearance by the Bancroft family that controls DJ.
For dedicated coverage on Dow Jones and the proposed deal, read our special section here.
Updated: WSJ: “The two sides still have not come to an agreement on price, and a decision on whether to complete an overall deal could still be days away, say people familiar with the situation. Though the family has overcome some of its previous doubts about selling the company, the situation remains fluid, and some members continue to privately express resistance to a deal.”