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Update: After Pushback, Murdoch Abandons Fox’s Pursuit of Time Warner

Discussion in 'News' started by Athlon646464, Aug 6, 2014.

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  1. Athlon646464

    Athlon646464 Gold Members DBSTalk Gold Club

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    Feb 23, 2007
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    Update: After Pushback, Murdoch Abandons Fox’s Pursuit of Time Warner

    At 4:07 p.m. Tuesday, the chief executive of Time Warner Inc., Jeffrey L. Bewkes, received an unexpected email.

    “On behalf of our board and senior management team, I am writing to inform you that we are withdrawing our offer to acquire Time Warner, effective immediately.

    Sincerely, Rupert Murdoch.”

    A hand-delivered letter bearing the same message arrived soon after.

    Full Story Link & Continuing Discussion Here
     
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