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
David A. Grogan | CNBC
Ken Griffin