GE still may be in the hunt to snatch Dow Jones from the hands of News Corp., the Wall Street Journal reports. GE’s NBC Universal is said to be in discussions with Pearson PLC to make a joint bid for Dow Jones. The deal would reportedly put CNBC, the Wall Street Journal, Pearson’s Financial Times newspaper and Dow Jones’ other businesses into a new privately-held venture. The Bancroft family would keep a minority stake in the new company. The Wall Street Journal says News Corp. is becoming increasingly frustrated with negotiations: “We’re not going to spend $5 billion and then leave them the keys to the house,” an unnamed News Corp. source said.
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