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Murdoch's Math
Does Murdoch have it in the bag? With the 5pm deadline nearing for the Bancroft family votes, some back of the envelope calculations reveal that News Corp. will indeed get enough support to win Dow Jones.
He needs 50 percent. It appears he'll get at least 57 percent, including votes from both the family and common shareholders. But will that be enough of a "comfortable margin" for Murdoch to go through with the deal? Felix Salmon thinks so.
Read Felix Salmon's full Market Movers blog post on this subject here.
Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
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