The Position Makers

[UPDATE | 8:37am] - Whack-a-Murdoch Game Rocks!

This morning the shareholders of Dow Jones (DJ) approved a $5.6+ Billion dollar bid from Rupert Murdoch’s News Corp. (NWS). If and when this transaction occurs, the worlds most influential newspapers, The Wall Street Journal (who is currently owned by the Dow), will move into the hands of News Corp. Murdoch is known for putting out billions of dollars to make purchases that help News Corp.

As you can all remember, one of the last successful purchases Murdoch made was MySpace.com. The DJ deal was approved by more than 60% of the shareholders to get Mr. Murdoch one step closer to the WSJ.

What does this all mean? More power to News Corp!