Anousha Sakoui
Murdoch’s Fox Withdraws Time Warner Takeover Offer
Rupert Murdoch’s 21st Century Fox withdrew its unsolicited takeover offer of $75 billion for Time Warner, giving up after the attempt to reshape the media industry sent Fox shares tumbling and Time Warner’s board refused to engage in talks.
Google’s Page Talks Privacy with Elite in Sun Valley
Google Chief Executive Officer Larry Page, not known for his public speaking, zeroed in on a timely subject when he addressed privacy at Allen & Co.’s annual dealmaking retreat in Sun Valley, Idaho.
Page, whose company makes money gathering data on users’ Internet behavior, will collect more information with release of wearables such as Google Glass. At his July 9 talk, he made the case that Google takes privacy very seriously and described how the world’s most-popular search engine thinks about it as a problem to solve, according to people who were there.