File - The transaction would be risky for regulatory and operational reasons, and Time Warner’s assets will increase in value if the company continues on its own.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Twenty-First Century Fox Inc. is willing to pay more than $85 a share for Time Warner Inc., according to people with knowledge of the matter, a sign Rupert Murdoch is undeterred after being rebuffed in an initial offer for the media company.Fox had intended to outline an offer higher than $85 to Time Warner before news of its initial overture was made public, the person said. The proposal Time Warner rejected included 1.531 Fox shares and $32.42 in cash, Time Warner said today in a statement.Fox first approached Time Warner in early June, when Chase Carey, the president of Fox and a longtime top lieutenant to Murdoch, met privately with Time Warner's chief executive officer, Jeff Bewkes, one of the people familiar with the matter said.
FOLLOW THIS ARTICLE