Fidelity unloads Dow shares
Fidelity Investments has sold nearly all of its shares in Dow Jones & Co., the target of a $5 billion takeover bid by Rupert Murdoch’s News Corp.
Mutual fund giant Fidelity Investments has sold nearly all of its shares in Dow Jones & Co., the target of a $5 billion takeover bid by Rupert Murdoch’s News Corp., according to a Bloomberg report.
The sale left Fidelity with about 117,000 shares, according to Bloomberg, which cited a regulatory filing by the Boston-based fund manager.
Fidelity had been the No. 3 holder of Dow Jones shares, with nearly 4.7 million at the end of March, Bloomberg said.
Dow Jones owns the Wall Street Journal.
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