Time Warner tumbles as Murdochs Fox abandons bid - Time WarnerInc. - TopicsExpress



          

Time Warner tumbles as Murdochs Fox abandons bid - Time WarnerInc. (NYSE:TWX) tumbled 13 percent in premarket trades after Rupert Murdochs 21st Century Fox Inc. (NASDAQ:FOX) withdrew its unsolicited takeover bid for the company. Shares of Time Warner fell to $74.03 at 9:11 a.m. in New York, while Fox advanced 4.7 percent to $31.03. Murdoch, who is Foxs chairman and CEO, cited Time Warners management and its boards refusal to come to the table to discuss a takeove... ow.ly/2LjhpM
Posted on: Wed, 06 Aug 2014 14:19:57 +0000

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