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Time Warner Rebuffs Murdoch Bid; Will He Be Back?
- The Drum, Wednesday, July 16, 2014 1:44 PM
Rupert Murdoch’s media giant 21st Century Fox last month made an $80bn takeover bid for Time Warner - but was rebuffed, the New York Times reported Wednesday. Don’t think the idea has gone away. The Times points out that Murdoch has built a global media juggernaut over 50 years, in part “by pursuing bold deals that were often rebuffed at first by the targets of his overtures, only to later acquiesce.” That trend started when he outbid Robert Maxwell for the News of the World in the UK.
