21st Century Fox announces plans to launch $6bn share buyback after walking away from massive media deal
Rupert Murdoch bid $80bn for Time Warner Photo: AP
The Telegraph - 05 Aug 2014
Rupert Murdoch has withdrawn his offer to buy Time Warner, walking away from a deal that would have created the world’s largest film and television company.
21st Century Fox, the media tycoon's entertainment holding company, cited Time Warner's refusal to engage in talks over an $80bn bid as the reason for its withdrawal, as well as a 2pc fall in Fox's share price since the offer was revealed.
More
More
