Murdoch may Pull His Bid for DJ

I guess he is just tired of waiting for these crazy Bancrofts to make up their minds.

On Monday a News Corp. spokesman said the company was "highly unlikely"
to go ahead with the deal if the level of support among the Bancrofts remained
at just 28 percent of the shareholder vote, which The Wall Street Journal
reported was the level of commitment as of Sunday.

You might see DJ fall off the page as soon as Murdoch steps away from this thing. There does seem to be more puts in play then calls but you never know how this thing will come out. I figure there will be some sell off and then the stock probably will hover higher then the pre-buyout price for a while thinking that this company is worth more then it actually is.

The deal seemed pretty much like Murdoch going after the Wall Street Journal so he can name his new finance network the Wall Street Journal Channel or something like that. Right now there is just too many complications to make that happen with the Bancrofts running things.