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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Time Warner Inc. New | NYSE:TWX | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 98.91 | 0.00 | 01:00:00 |
From May 2019 to May 2024
LONDON-- Rupert Murdoch's 21st Century Fox Inc. said it would continue its share buyback program through the next fiscal year, a move that may encourage investors worried about the company's efforts to acquire Time Warner Inc.
Fox, in a statement Friday disclosing it would sell Sky Italia and its stake in Sky Deutschland to British Sky Broadcasting Group PLC, said it would announce details of the new buyback program early next month, at its year-end earnings results.
In the statement, Mr. Murdoch, Fox's chairman and chief executive, said the renewed authorization would be executed "regardless of any potential acquisition or investment activity."
Fox made an $80 billion cash and stock offer for Time Warner, though the bid was rejected.
21st Century Fox was until June 2013 part of the same company as News Corp, publisher of The Wall Street Journal and Dow Jones Newswires.
Write to Chip Cummins at chip.cummins@wsj.com
Copyright (c) 2014 Dow Jones & Company, Inc.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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