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Richard Li and Rupert Murdoch to join forces against Bloomberg?Posted by Jeremy Goldkorn on Wednesday, May 12, 2010 at 12:28 PM
A pseudonymous blogger who apparently has some inside sources sent the following link to Danwei: Taking aim at Bloomberg, Hong Kong Billionaire Richard Li and Rupert Murdoch join forces
Danwei could not get any independent confirmation of this story. Senior staff at Dow Jones and at Cai Indepth did not reply to emails asking for confirmation of the story. After I posted a message on Twitter asking for information, someone who described himself as an insider replied anonymously with the following comment on Richard Li:
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Comments on Richard Li and Rupert Murdoch to join forces against Bloomberg?
So Dow Jones is back at it so long after the demise of Telerate... fascinating development now with News Corp owning Dow Jones and with Richard Li.
Still trying to make inroads, eh Rupert? I guess you could dump the useless Chinese crumpet and marry Richard Li instead... he'd be much more useful, though beware of the silver spoon lad: he apparently doesn't have the Midas touch of his old man...
LovChinaLongTime,
Your envy of Murdoch is too plain. If you channeled your wit into some other subject you might eventually obtain 0.000000000001 percent of his wealth.
the author is totally off base in his suppositions about dow jones involvement. dow jones will happily sell dow jones newswire through any terminal that is willing to carry it
and the idea that " was Li’s terminal the raison d’etre for News Corp. to buy Dow Jones in 2007? Did Murdoch and Li strike a deal that, if Murdoch successfully took over Dow Jones, Li would build a data terminal?" is just stupidity.
li's sinocai venture is no doubt in trouble from poor planning, misguided positioning and costs overruns, but the dow jones plot angle pretty much discredits the entire piece
@Nicholas: Looks like you've been channeling. Retiring to the Riviera anytime soon or still gonna hangout in that rented apartment in the only country that'll accept you...China?
I think the source here has questionable reliability. However, they are essentially always going to have trouble breaking into such a crowded market. Of course, both Richard Li and Murdoch will know what they are getting into here. Financial firms are unlikely to make a switch easily, and the combined power and reputation of these two could help there.