An offer by Murdoch that Time Warner refused
July 17 , 2014
21st Century Fox, which is owned by Rupert Murdoch, had made an offer in June to buy Time Warner. But Time Warner refused.
It is reported that the initial bid for the deal was $80 billion. While both sides have agreed that such a bid had been made, they said no current talks were on.
In a statement Time Warner said it was confident that “continuing to execute its strategic plan” would create “significantly more value” for shareholders.