Now the Denver branch of the Bancroft family will vote against accepting News Corp’s $60-a-share offer, putting pressure on Rupert Murdoch to raise its offer, according to a news alert by the Wall Street Journal this morning. But News Corp has no intention of raising the price of its offer. The Denver clan, which holds 9.1% of Dow Jones’s voting stock, is seen as an important faction within the Bancroft family and has been one of the most closely watched among Dow Jones management and News Corp executives. Though the outcome is seen as too close to call, there’s increasing doubt the deal will get done.
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