CNBC Europe and CNBC Asia Pacific are jointly owned by the two companies, while CNBC World, a digital station available in the US, is 25% owned by Dow Jones.
However, Dow Jones will still have a licensing relationship with CNBC for the main CNBC channel in the US.
Dow Jones said its share of losses from the three channels totalled $17m (£9.7m) in 2004. It is to take a $36.7m (£21m) charge when it writes off the assets.
The transfer is set to happen on December 31, subject to regulatory approval. Once the deal is done, the two companies will continue as editorial partners.
Peter Kann, chairman and chief executive officer of Dow Jones, said the ending of international ties with CNBC was aimed at improving profits and investing in areas where the company has a strong competitive advantage.
Mark Hoffman, president of CNBC, said: "Operating internationally since 1998, CNBC has built a leading global business news network. Acquiring sole ownership reinforces our commitment to that vision and gives us the opportunity to further develop and grow the CNBC product and brand globally."
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