I think it’s kabuki....he’ll add a few $$$ to the offer, and they’ll sell..my other theory..they’d like to do a tax-free exchange with NewsCorp stock..( to defer the HUGE capital gains liability) but Murdock may not want to have them as such a large minority shareholder block..IOW, it’s NOT that the deal isn’t going to happen, rather, this si about at what price and terms.
Lol, it ain’t as if the Bancroft clan isn’t in for the money. The theory that they’re holding out on principle got blown to sh!t by the Fortune mag article.
Btw, just sent all the WSJ reporters who’ve been working on this story an email asking when they’re gonna cover the dividend angle.