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


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#1 OFFLINE   Athlon646464

Athlon646464

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Posted 06 August 2014 - 04:03 AM

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.
 

1 HR34-700, 1 C31-700, 1 HR24-500
Original install on April 20, 2008 - HR34 & C31 installed on August 24, 2013 - HR24 installed on July 23, 2010

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