CNBC's David Faber and Rob Cox, Reuters Breakingviews editor, discuss Rupert Murdoch's pursuit of Time Warner and just high the media mogul is willing to go to win the bid.» Read More
Murdoch's stunning $80 billion offer for Time Warner may have been rejected, but more media consolidation is likely, ex-Time Warner chief Levin tells CNBC.
Kara Swisher, Re/code co-executive editor, and Jon Steinberg, Daily Mail North America CEO, share their opinions on Rupert Murdoch's play for Time Warner and discuss the future of big media companies.
*Murdoch may consider higher offer for Time Warner- sources. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday it had offered to buy Time Warner Inc, a move that would unite two of the world's most powerful media conglomerates, but Time Warner rebuffed its offer.
After Time Warner rejected 21st Century Fox's $80 billion offer, CNBC's Andrew Ross Sorkin and David Faber break down the proposal and discuss what it will take to get the deal done.
CNBC's Jim Cramer and David Faber discuss whether 21st Century Fox's Rupert Murdoch has "unlimited fire power." Faber shares his investment strategy for both stocks right now.
CNBC's Kate Kelly speaks to Citadel founder and CEO Ken Griffin, about Time Warner's rejection of 21st Century Fox's takeover bid, and whether he expects more consolidation in the media space.
NEW YORK, July 16- U.S. stock rose on Wednesday, led by tech shares after Intel's earnings and word of a partnership between IBM and Apple, while Time Warner Inc rallied on news it rebuffed a takeover attempt from Rupert Murdoch's Twenty-First Century Fox.
Time Warner soared 16 percent on news that Rupert Murdoch's Twenty-First Century Fox had made a bid for the media giant. Intel jumped 7 percent after reporting a surge in earnings as companies spent more on replacing PCs. Investors are keeping an eye on Federal Reserve Chair Janet Yellen, who is testifying to Congress for a second day.
CNBC's David Faber provides insight to the confirmed takeover bid for Time Warner by 21st Century Fox in June, which was rejected.
Investors drove up shares in Time Warner 17 percent on news that Twenty-First Century Fox made a takeover bid for the media giant. Momentum from Intel's strong second-quarter earnings late Tuesday and news that Apple and IBM are teaming up to sell more iPhones and iPads to corporate customers helped lift major stock indexes in premarket trading.
Time Warner has rejected an $80 billion offer from Rupert Murdoch's 21st Century Fox. CNBC's David Faber explains the proposal timeline and the rejection.
NEW YORK— In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.
Rupert Murdoch's Twenty-First Century Fox said Time Warner has rejected an offer it made last month to combine the two media and entertainment giants. Twenty-First Century Fox Inc. also said Wednesday in a brief statement that it is not currently in discussions with Time Warner.
*Murdoch determined to pursue Time Warner- NYT. July 16- Rupert Murdoch's 21st Century Fox said it made a bid to buy media conglomerate Time Warner Inc but was rebuffed. Time Warner's stock jumped 22.5 percent to $87 premarket as the New York Times reported that Murdoch was determined to buy Time Warner and was unlikely to walk away despite the rejection.
Jerry Levin, former Time Warner chairman and CEO, shares his thoughts on changes coming to the media sector. We are in a new ball game now, says Levin.
Shares of Time Warner soared in premarket trading Wednesday after The New York Times reported that the media giant had rejected an $80 billion takeover bid from Rupert Murdoch's Twenty-First Century Fox.
Sara Ellison, Vanity Fair, shares her thoughts on why Time Warner rejected 21st Century Fox's $80 billion offer.
David Bank, RBC Capital Markets, and CNBC's Julia Boorstin, discusses why the combination of Time Warner and 21st Century Fox makes sense.
Georg Szalai, The Hollywood Reporter, shares his thoughts on the challenges facing a merger of Time Warner and 21st Century Fox.
Twenty-First Century Fox made an $80 billion takeover bid in recent weeks for Time Warner but was rebuffed, sources said. The New York Times reports.