Board representation could appear in a revised proposal, according to a report from Bloomberg.» Read More
LOS ANGELES, July 18- Twenty-First Century Fox cannot buy publisher Tribune Co or its Los Angeles Times newspaper, Fox Chief Executive Rupert Murdoch wrote on Twitter on Friday, citing U.S. laws on media ownership. "Sorry can't buy Trib group or LA Times- cross-ownership laws from another age still in place," said tweets attributed to Murdoch.
CBS CEO Leslie Moonves said the media company would take a look at cable news network CNN if it goes up for sale.
Rupert Murdoch may have been canny in his $80 billion bid for Time Warner as potential bidders are busy absorbing their own large deals.
NEW YORK, July 18- Many investors say the best trading strategy around a potential takeover of Time Warner Inc by Twenty-First Century Fox is to wager that media baron Rupert Murdoch will pay up to get what he wants.
LOS ANGELES, July 17- CBS Corp Chief Executive Officer Leslie Moonves said on Thursday the media company would take a look at Time Warner Inc's cable news network CNN if it goes up for sale as part of a merger with Rupert Murdoch's Twenty-First Century Fox Inc..
NEW YORK, July 17- Investors in U.S.-based funds poured $4.3 billion into stock funds in the week ended July 16, encouraged by strong corporate earnings and big potential merger deals in the United States, data from Thomson Reuters' Lipper service showed on Thursday.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
After 21st Century Fox's failed bid to acquire Time Warner, the question arises as to what other media giants are now in play for purchase?
Rupert Murdoch’s audacious offer for Time Warner that if it succeeds would cement his status as the most powerful U.S. media magnate.
SYDNEY, July 17- Media mogul Rupert Murdoch on Thursday criticised excessive financial regulation as stymieing free markets and urged Group of 20 governments to "take a back seat" to allow businesses to drive economic growth.
*Record closing high on Wall Street lifts Asia. TOKYO, July 17- Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S.
*Intel supplier Shinko Electric soars to 6- month high. TOKYO, July 17- Japan's Nikkei share average rose to a 1-1/ 2- week high on Thursday, buoyed by gains on Wall Street, while Shinko Electric Industries Co jumped on Intel Corp's strong forecast.
BOSTON, July 16- To clinch a deal to buy Time Warner Inc, Rupert Murdoch's Twenty-First Century Fox Inc will not only need to raise the value of its bid above $80 billion but also boost its ratio of cash to stock, investors said on Wednesday.
NEW YORK, July 16- Rupert Murdoch's Twenty-First Century Fox Inc made an audacious offer for Time Warner Inc that if it succeeds would transform the American media landscape and cement the 83- year-old's status as the most powerful magnate in U.S. media and entertainment.
July 16- If Rupert Murdoch succeeds in buying Time Warner Inc and CNN is put up for sale, the 24- hour cable news network could be worth $5 billion, according to one analyst's estimate. Murdoch's Twenty-First Century Fox Inc said on Wednesday it made an offer to buy Time Warner for about $80 billion.
*Intel gains on earnings, outlook; semiconductors rally. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner Inc shares jumped 17.1 percent to $83.13 and ranked as the S&P 500' s best performer after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
Stocks climbed on Wednesday, with investor sentiment lifted by corporate earnings, deals and better-than-expected data on growth in China.
Time Warner has rejected an approach from Rupert Murdoch's 21st Century Fox. Here's why it will be hard to escape.
John Paulson, founder of hedge fund firm Paulson & Co., said corporate M&A activity "will continue for the foreseeable future."
*Time Warner shares up 16.9 percent. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday that Time Warner Inc had rebuffed its offer to buy the company, but people familiar with his thinking say he is determined to bring the U.S. media conglomerate into his empire.