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In Brief | MEDIA

Dow Jones holders approve takeover

December 13, 2007|From Times Wire Services

Dow Jones & Co. shareholders owning more than 50% of the publisher approved a takeover by News Corp. in a proxy vote, the Wall Street Journal reported, citing people familiar with the matter.

The votes come ahead of a shareholder meeting today to approve the $5.2- billion acquisition. News Corp. Chairman Rupert Murdoch plans to close the deal shortly after the decision becomes official.

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