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Murdoch buys Wall Street Journal in $5.6bn deal

Published 01/08/2007

Media mogul Rupert Murdoch has bought the company that publishes the prestigious Wall Street Journal in a deal worth $5.6bn.

Mr Murdoch's News Corporation has agreed the takeover with the Bancroft family who control Dow Jones.

News Corp already owns a huge number of newspapers, broadcasters and other media around the world, including B-Sky-B, Fox News, The Sun and MySpace.

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