The Wall St Journal will be in the hands of new management soon. The reason in my view is simple. The board of Dow Jones is now handling all matters related to the current News Corp offer of $5 billion or $60/share. The board will not allow the shares to crater, therefore it is my view the company will be bought.
The other question that remains is “is there another bidder for the company?. Right now I would say probably not, mainly because some suitors recently walked away from potential bids. However a new bid by a third party still could occur in the near-term. My investment approach on this issue is that a higher bid will eventually be placed, either by News Corp or a third party.
The other question that remains is “is there another bidder for the company?. Right now I would say probably not, mainly because some suitors recently walked away from potential bids. However a new bid by a third party still could occur in the near-term. My investment approach on this issue is that a higher bid will eventually be placed, either by News Corp or a third party.
