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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
Twenty-Century Fox Inc. (FOXA) in recent weeks made an $80 billion takeover bid for Time Warner Inc. (TWX) but was rejected, The New York Times' Andrew Ross Sorkin reported Wednesday, citing people briefed on the matter.
Fox president Chase Carey approached Time Warner chief executive Jeff Bewkes in early June, these people said, and later that month Fox made a formal proposal for $85 in stock and cash for each Time Warner share.
As part of Fox's proposal to purchase Time Warner, Fox indicated that it would divest CNN over antitrust concerns, the people said.
Time Warner's board discussed the offer at length, the people briefed on the matter said, and in early July sent a letter rejecting the offer.
Representatives for Fox and Time Warner couldn't immediately be reached for comment, the Times said.
Full story at http://dealbook.nytimes.com/2014/07/16/rupert-murdoch-said-to-have-made-offer-for-time-warner/
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