Firm client Dow Jones & Company noted for its acquisition of MarketWatch, <em>The New York Times</em>,

Firm client Dow Jones & Company noted for its acquisition of MarketWatch, The New York Times, "Dow Jones Is Said to Agree to a Deal to Buy MarketWatch"

An article entitled "Dow Jones Is Said to Agree to a Deal to Buy MarketWatch" in the November 15th New York Times notes that "Dow Jones & Company, the publisher of The Wall Street Journal, agreed...to buy MarketWatch, the parent company of the financial news Web site CBS MarketWatch, for about $486 million....The deal...would give Dow Jones a way to reach a broad audience of consumers interested in financial news and a new source of revenue from online advertising. The acquisition of MarketWatch, a free news site at cbsmarketwatch.com, marks a major shift for Dow Jones, which until now had focused its online efforts almost exclusively on paid subscription services like The Wall Street Journal Online, one of the few successful subscription-based news Web sites....Dow Jones beat out a list of media bidders for control of MarketWatch with a bid of $18 a share at the auction, which was handled by UBS." [Working on the transaction were partners Arthur Fleischer, Jr., Philip Richter, Joseph Stern, Donald Carleen, Alan Kaden, Charles (Rick) Rule and Richard Schwartz and special counsel Pauline Wen.]

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