Time Warner buy could downgrade 21st Century Fox rating

By on Jul, 23 2014 with Comments 0

21st Century FoxTime Warner rejected 21st Century Fox’s initial stock-and-cash offer valued at $85 a share. The company wants the offer raised to above $100 a share, with a higher portion of cash than originally offered, according to a person close to Time Warner. Ever since his News Corp survived a bruising liquidity crisis in the early 1990s, Rupert Murdoch has been careful to avoid getting overextended financially. But his pursuit of Time Warner could test that philosophy


Click here to Login & view the full article & read our famous RBR+TVBR observation (Not a member? Join Today!)

About The Author: Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.

Comments are closed.