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Mergers, Acquisitions and Takeovers
21st Century Fox says it made offer to combine with Time Warner
21st Century Fox says it made offer to combine with Time Warner

Media mogul Rupert Murdoch's 21st Century Fox recently approached Time Warner about merging the two companies in a deal valued at $80 billion, but the offer was rebuffed. In a statement, 21st Century Fox said it made a formal offer to Time Warner, parent of HBO, Warner Bros. and Turner Broadcasting last month but that Time Warner's board "declined to pursue our proposal" and "we are currently not in any discussions." Time Warner's board of directors said the offer was "not in the best interests of Time Warner or its stockholders to accept the proposal or to pursue any discussions with 21st Century Fox." The board added that it is...

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