Time Warner rejects Fox takeover bid [U.S.A] US media giant Time Warner has rejected an initial takeover approach from rival 21st Century Fox estimated at $80bn (£46.6bn). The takeover approach by the Rupert Murdoch owned company was made last month, it was revealed. It added it was not currently in talks with Time Warner about pursuing the deal further. 21st Century Fox can confirm that we made a formal proposal to Time Warner last month to combine the two companies, the company said. [ Click the link to read this article in full bbc/news/business-28327604 ]
Posted on: Wed, 16 Jul 2014 14:55:01 +0000
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