Feeds

Fox wants Time to wrap up even more content

Murdoch bid for Time Warner rebuffed

The essential guide to IT transformation

Rupert Murdoch, through 21st Century Fox, has launched a $US80 billion unsolicited takeover offer for Time Warner, to a chilly reception from its target.

The deal was proposed by Murdoch's vehicle during June, but says that Time Warner “declined to pursue” the proposal. At the moment, Fox says, “We are not currently in any discussions with Time Warner”.

Time Warner has scorned the price put on its business, particularly since the $US85-per-share offer only included a cash component of $US32.42. Its return statement said “There is significant risk and uncertainty as to the valuation of 21st Century Fox’s non-voting stock and 21st Century Fox’s ability to govern and manage a combination of the size and scale of 21st Century Fox and Time Warner”, according to this statement.

Time Warner also notes the regulatory risk, since it owns direct competitors to 21st Century Fox, something that Fox has said it would deal with by selling off the Time Warner-owned CNN.

The move is widely interpreted as an attempt by Murdoch to create a content super-colossus with a strong negotiating position relative to companies Comcast (which is currently seeking regulatory approval for its own takeover, of the previously spun-out Time Warner Cable). ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu
Lawyers will have to earn their keep the hard way, says court
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.