Problem

In July 2007, Newscorp entered into an agreement to purchase all of the outstanding shares...

In July 2007, Newscorp entered into an agreement to purchase all of the outstanding shares of Dow Jones and Company for $60 per share. The number of outstanding shares at the time of the announcement was 82 million. The book value of interest-bearing liabilities on the balance sheet of Dow Jones was $1.46 billion. Estimate the cost of this acquisition to the shareholders of Newscorp.

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Solutions For Problems in Chapter 9