Enter multiple symbols separated by commas

Time Warner Withdraws Weather Channel Bid

Media conglomerate Time Warnerwithdrew its bid to buy the Weather Channel due to price, a source familiar with the negotiations told Reuters.

Time Warner Chief Financial Officer John Martin told investors last week the company would be interested in pursuing a deal but would be "extremely price disciplined and price sensitive."

The deadline for a new bid passed at noon New York time.

Contact M&A


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.