Dow Jones approved to sell stake in sohu.com: report

SHANGHAI (AFX-ASIA) - Dow Jones & Co Inc said it has received permission to sell all or some of its 508,067 shares in sohu.com, according to the Shanghai Daily. In March, Dow Jones sold 371,500 shares in sohu.com at a price of about 90 U.S. cents each, the report said. Dow Jones spokesman Steven Goldstein said the company once owned about 5.0 pct of sohu.com, but has reduced its stake to less than 2.0 pct. "We have sold some shares and would be willing to sell the rest if we could be guaranteed an appropriate price," Goldstein said.

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