Group presses case to buy Dow Jones stake
Net entrepreneur says investor groups are interested in bid that could circumvent News Corp.'s offer, according to a source.
Internet entrepreneur Brad Greenspan said on Monday he has gained the support of five investor groups interested in buying a stake in and investing in Dow Jones to thwart News Corp. Chairman Rupert Murdoch's $5 billion buyout offer. A source familiar with the matter said possible investors are Intel Capital, Apex Partners, Jana Partners, a unit of Softbank and Trafelet.
Former Dow Jones board member Dieter von Holtzbrinck, who resigned from the board in protest of Murdoch's bid, could also be interested in investing in Greenspan's offer, the source said. Their participation hinges on whether Dow Jones is willing to meet to discuss Greenspan's proposal.