FT:

And we always thought the News Corporation chairman had his eye on the FT… Financial news channel CNBC reported on Tuesday that Rupert Murdoch tabled an unsolicited takeover offer for Dow Jones, owner of the Wall Street Journal and Barron’s, pitched at $60-per share. Apparently, a letter setting out the details was sent to Dow Jones two weeks ago. Shares in Dow Jones leapt almost 50 per cent to $54 in New York. Shares in the New York Times jumped 8 per cent, in sympathy, while shares in Pearson, owner of this website, added 40p to 901p.

UPDATE:

NEW YORK (Reuters) – Dow Jones & Co. Inc. (NYSE:DJ – News) said on Tuesday that it received an unsolicited $60 per share takeover proposal from Rupert Murdoch’s News Corp. (Other OTC:NWSAF.PK – News). Dow Jones board and trustees of the Bancroft family, which hold the majority of the company’s voting power, are evaluating the proposal, the company said in a statement. News Corp. proposed to acquire all outstanding shares of common stock and Class B common stock for $60 per share in cash or in a combination of cash and News Corp. securities, Dow Jones said. “There can be no assurance that this evaluation will lead to any transaction,” Dow Jones said.