As a result of the acquisition, Dow Jones will become the sole publisher of the site, which launched in 2009. It attracts around 2 million visitors a month, according to the company. Edited in Tokyo, it covers local business, finance and political events as well as featuring translated articles from global editions of The Wall Street Journal.
Lex Fenwick, chief executive of Dow Jones and publisher of The Wall Street Journal, said in a statement that the move would enable the company to reach new readers and introduce them to the broader worldwide coverage of the Journal.
WSJ.com also operates a Chinese-language edition and is planning to launch a Bahasa Indonesia news site.
Robert Thompson, editor-in-chief of Dow Jones and managing editor of The Wall Street Journal, added that it was a sign of commitment to Japan at a time when the country was preparing for a new phase of international expansion. Dow Jones has stated that the acquisition will not affect the site’s editorial operations.