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Murdoch Reportedly Offered $80 Billion
for Time Warner, Was Turned Down

Mediaite, by Evan McMurry

Original Article

Posted By:Drive, 7/16/2014 11:46:35 AM

The rumors that Rupert Murdoch was interested in purchasing Time Warner gained some shape and form Wednesday morning, as the New York Times reported that sources said Murdoch made an $80 billion offer for the TV-cable-film-magazine conglomerate, only to be rebuffed. Fox approached Time Warner in June and offered to pay $85 a share on Time Warner stock; the combined company would be worth about $65 billion in revenue. Per the Times, Murdoch is especially interested in Time Warner’s broadcast rights to sport events like basketball and baseball games, to help grow Fox’s sports footprint. Murdoch’s offer would also have

      


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Reply 1 - Posted by: tenncon231, 7/16/2014 11:58:02 AM     (No. 9927252)

Probably turned down by a liberal progressive because they don´t want Fox to consolidate this much power, even though the offer is a 20% premium---you know those socialist hate $$$$ s/o

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Reply 2 - Posted by: DaddyO, 7/16/2014 12:34:47 PM     (No. 9927333)

The Time Warner stockholders have legal standing to sue the board of directors if a takeover bid was rejected.

If the court finds the board rejected a valid offer, the board would become personally liable for the cost to the shareholders of their lost stock value.

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Reply 3 - Posted by: faldo, 7/16/2014 1:41:45 PM     (No. 9927417)

The offer, more specifically, is $80 billion, 80,000 FBI emails and the frothing of potential UK corporate charges.

Not as clean as the earlier posters state.

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Reply 4 - Posted by: curious1, 7/16/2014 3:22:11 PM     (No. 9927507)

If true, the stockholders won´t be happy. I know I wouldn´t. Hope they skin the board members alive (legally speaking, of course).

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