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Murdoch Gives Up Bid For Time Warner

The mega deal is off, according to Rupert Murdoch who said Time Warner 'refused to engage' over 21st Century Fox's $80bn bid. The move that would have created a media behemoth and was widely seen as the crowning deal of Murdoch's career. The announcement came last night ahead of Fox and Time Warner delivering financial results today -- announcements that would have left to considerable questioning over the proposed merger.

Read the whole story at The Guardian »

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