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Murdoch Open to Bid Above $75 Billion for Time Warner

Discussion in 'News' started by Athlon646464, Jul 17, 2014.

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  1. Athlon646464

    Athlon646464 Gold Members DBSTalk Gold Club

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    Murdoch Open to Bid Above $75 Billion for Time Warner

    (Bloomberg.com) - Fox’s willingness to raise its offer higher than $85 a share is contingent on Time Warner engaging in talks and opening its books to Fox, according to one of the people, who said Murdoch hasn’t been directly involved in discussions. A deal would reshape the media industry by giving the TV-and-film companies bargaining power in negotiations with cable operators such as Comcast Corp. and Time Warner Cable Inc., which are in the process of their own merger....

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