Fox’s Play For Time Warner: Pros And Cons Of The Takeover Bid
With Time Warner and Rupert Murdoch’s 21st Century Fox on Wednesday confirming that the latter recently offered to acquire the former for $80 billion, but was rebuffed, what is next in line for the two companies? While some observers say nothing is likely to happen, at least not anytime soon, others predict Fox will continue to pursue Time Warner, given Murdoch’s reputation for not giving up easily.
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