Fox withdraws Time Warner bid, launches share repurchase program

It was an US$80 billion takeover bid that stole the front and business pages of newspapers around the world, but for now a merged 21st Century Fox-Time Warner remains a pipe dream. 21st Century Fox has announced that it has withdrawn its proposal to acquire Time Warner Inc. Chairman and CEO of 21st Century Fox, Rupert Murdoch said:… Continue reading Fox withdraws Time Warner bid, launches share repurchase program