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Business | 2007 | Jun | 16


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Pearson is believed to have been in touch with publishing company Hearst, as well as General Electric, although there is no certainty a bid will be forthcoming
Jun 16 '07 -Business- telegraph.co.uk -pearson,bid,mr
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General Electric, owner of the business cable channel CNBC which faces competition from Mr Murdoch's planned Fox business channel, had held talks on a joint approach with Microsoft, but the negotiations fell through
Jun 16 '07 -Business- telegraph.co.uk -pearson,bid,mr
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A combination of Dow Jones and Pearson would bring together two of the most influential names in business journalism and resurrect a partnership first talked about three years ago
Jun 16 '07 -Business- telegraph.co.uk -pearson,bid,mr
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Pearson, the publisher of the Financial Times, is exploring a counter bid for Dow Jones, it emerged last night
Jun 16 '07 -Business- telegraph.co.uk -pearson,bid,mr
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A successful Pearson bid would protect its own position from a Journal backed by a well-resourced Mr Murdoch The UK media group is understood to have contacted potential partners in the US about submitting a joint offer that would steal the publisher of The Wall Street Journal away from Rupert Murdoch's News Corporation
Jun 16 '07 -Business- telegraph.co.uk -pearson,bid,mr
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Mr Murdoch's $5bn offer is the only one so far on the table, despite interest from other parties
Jun 16 '07 -Business- telegraph.co.uk -pearson,bid,mr
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Discussions then over some form of joint operating agreement eventually petered out after disagreements over management control
Jun 16 '07 -Business- telegraph.co.uk -pearson,bid,mr
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For Pearson, a successful bid would protect its own position from a Journal backed by a well-resourced Mr Murdoch and take it further into the realm of electronic news delivery
Jun 16 '07 -Business- telegraph.co.uk -pearson,bid,mr
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However it may still balk at the potential cost, which would likely prove dilative to earnings, according to calculations made by the Journal itself
Jun 16 '07 -Business- telegraph.co.uk -pearson,bid,mr
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In recent years, speculation has more often centred on Pearson, which also owns 50pc of The Economist magazine, selling the Financial Times.
Jun 16 '07 -Business- telegraph.co.uk -pearson,bid,mr
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