Oh boy! Says U.K. mag Business:

Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones, owners of the Wall Street Journal, according to sources acting for the Dow Jones board. Negotiations have been completed and the board is confident the terms of the deal will be accepted by the Bancroft family, which controls a majority of voting shares in Dow Jones, over the next few days. A formal announcement is expected next week.

Well, no one else is saying this—but it should be noted that one of the writers of the story was "a former Murdoch lieutenant." So. Also? If this deal described is accurate, there's gonna be (more!) unhappy and possibly unemployed journalists in town. Also? Could anyone in America confirm or deny this, preferably before lunch? Thanks!

EXCLUSIVE: Rupert Murdoch buys Dow Jones, owners of the Wall Street Journal ["The Business"]