Blog Post

10-Q Watch: Dow Jones' Acquisition Price For eFinancialNews: $63 Million; IAC JV Coming Along

Dow Jones (NYSE: DJ) filed its 10-Q late today with SEC, and not much new info on the digital side, besides some adjustment in the final buyout price for UK-based financial media company eFinancialNews Holdings, which it bought in April. The final price is approximately $63 million, including an estimated working capital adjustment (from the previously reported $51.6 million).
Also, some update on its DJ/IAC Online Ventures announced in March 2007, which it jointly owns with IAC. “This joint venture will create a new personal finance Internet business targeting the broad Web-savvy consumer audience by launching a community-driven Web site that combines the brands, marketing platforms and personal finance content of The Wall Street Journal, MarketWatch and other Dow Jones products with the marketing, entrepreneurialism and technology expertise of IAC