Time Warner changes the rules in wake of Fox bid

By on Jul, 22 2014 with Comments 0

Time WarnerTime Warner, which last week declined a $75-$80 billion bid from Rupert Murdoch’s 21st Century Fox, has changed its bylaws in a move designed to block a potential hostile takeover. The decision to scrap a rule allowing investors to requisition a shareholder meeting will strengthen Time Warner’s ability to resist Murdoch’s attempts even if its investors want a deal to be considered

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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.

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