News Corp. is poised to win control of Dow Jones & Co., including its flagship publication The Wall Street Journal, after a key Bancroft trust changed its mind and decided to accept News Corp.'s $60-a-share offer for the newspaper publisher.
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It is not clear whether the Denver trust will vote its entire 9.1% stake in favor of the deal, however, as its beneficiaries include Christopher Bancroft who is strongly opposed to the deal. But the trust's decision likely increases to at least 38% the amount of voting stock held by the Bancroft family that now supports the News Corp. offer. When added to the nearly 29% stock held by public shareholders, who are expected to vote for the deal in overwhelming numbers, News Corp. should have enough to comfortably win a majority of Dow Jones shares when the deal is put to a vote.

The Bancrofts have 64.2% of the overall votes in Dow Jones.