The board of Dow Jones & Company agrees to accept an offer of $5 billion from Rupert Murdoch's News Limited.
Dow Jones said in a statement that its board was prepared to recommend a proposal for News Corp. to acquire Dow Jones for $60 in cash, the price News Corp. Chairman Rupert Murdoch has proposed.
- Fox News
- Rupert Murdoch, the CEO of News Corporation, announces a $5 billion offer to take over Dow Jones, the publisher of the "Wall Street Journal".
- Hurricane Harvey is projected to possibly become the second costliest hurricane in the United States's history, with estimates ranging from US$72 billion to over $125 billion. In comparison, Hurricane Katrina's total damage is estimated to be around $118 to $160 billion.
- Discovery Communications announces it will acquire Scripps Networks Interactive for US$ 14.6 billion.
- Michael Kors buys Jimmy Choo for US$1.2 billion.
- Montana congressman Greg Gianforte apologizes to journalist Ben Jacobs for the alleged body slam incident that occurred on May 24, and donates US$50,000 to the Committee to Protect Journalists.
- U.S. President Donald Trump arrives in Saudi Arabia, his first of three scheduled foreign trips. Trump signs an arms deal with King Salman worth more than US$100 billion.
- In an interview, U.S. President Donald Trump says the U.S. dollar is "getting too strong" and wants to keep interest rates low, causing the U.S. Dollar Index to fall.
- South Korea announces it will be raising its US$217,000 cash reward for classified information from North Korea by defectors to $860,000.
- An Austrian court grants a United States request to extradite Ukrainian businessman Dmytro Firtash. U.S. officials accuse Firtash of being involved in a scandal where he allegedly paid US$18.5 million in bribes for a permit to mine titanium in India, something Firtash denies.
- Kraft Heinz drops its bid to buy Unilever for US$143 billion. Unilever rejected the idea last Friday but Kraft Heinz still expressed interest in finding an agreement.