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Ken Griffin gives backing to Time Warner-Fox deal

A merger between 21st Century Fox and Time Warner would be a "great deal" and part of a broader landscape that will feature more media mergers ahead, investor Ken Griffin said.

"Time Warner's a great asset," Griffin said at the Delivering Alpha conference presented by CNBC and Institutional Investor. "Content is king, and both those assets have great content. It makes a lot of sense for Fox. It makes a lot of sense for Time Warner shareholders."

Fox bid $80 billion for Time Warner but the overture was rejected. However, Fox head Rupert Murdoch is expected to continue to pursue the deal.

"Murdoch has a history of willing to go the extra mile to get deals done," Griffin, the CEO of Citadel, said. Griffin holds stakes in both companies.

Ken Griffin, Founder and Chief Executive Officer, Citadel
David A. Grogan | CNBC
Ken Griffin, Founder and Chief Executive Officer, Citadel

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