Subscribe Register Login

Escaped Pulaski County inmate arrested in Missouri

Tuesday, September 23, 2014, 5:42 p.m.
Top Picks - Mobile App

Murdoch’s Fox makes bid for Time Warner

By The Associated Press

This article was published July 16, 2014 at 11:06 a.m.

Time Warner has rejected a takeover bid of $80 billion from Twenty-First Century Fox and says it has no interest in further discussions with Rupert Murdoch’s media entertainment giant.

The New York company said Wednesday that Twenty-First Century Fox Inc. offered last month a combination of its stock and $32.42 in cash for each Time Warner share.

Time Warner’s board rejected the bid after consulting with financial and legal advisers and determining that its strategic plan “will create significantly more value for the [company] and its stockholders and is superior to any proposal that Twenty-First Century Fox is in a position to offer,” the company said.

The New York Times reported that the bid totaled $85 per share or $80 billion.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: Murdoch’s Fox makes bid for Time Warner

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Chief of police

    chief of policecity of AustinSuccessful applicants must be c...
    AUSTIN, AR

  • Full-time field sales rep

    company expansion The Arkansas Democrat Gazette Circulation ...
    Little Rock, AR

  • Full time sales person

    pine bluff and hot springs areas need one fulltime sales per...
    Pine Bluff, AR

  • Electrician-airfield

    Electrician - AirfieldFull time job that provides skilled in...
    LITTLE ROCK, AR

  • Multi-media spec.

    Multi-Media Specialist: Arkansas Department of Parks and Tou...
    LITTLE ROCK, AR

Search 973 jobs >

Top Picks - Mobile App
Arkansas Online