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Fox offer for Time Warner could bring out rival suitors
Fox offer for Time Warner could bring out rival suitors

Is there a white knight for Time Warner? Time Warner Inc. has made it clear that it does not want to sell itself to Rupert Murdoch's 21st Century Fox, rejecting the mogul's $80-billion offer. Still, analysts and industry insiders expect another bid from Fox that could top $90 billion. Mobilizing its defense, Time Warner board members Monday amended the company's bylaws to make it more difficult for Murdoch to mount a hostile takeover. Board members unanimously agreed to prevent dissident shareholders from convening a special meeting to try to install board members who are more inclined to accept a deal. Instead, the next meeting of shareholders will be in July 2015...

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