John Malone: Technology Companies Unlikely to Bid for Time Warner

Cable magnate John Malone says 21st Century Fox has long been eyeing a takeover bid for Time Warner and isn't likely to face competing bidders, pouring cold water on speculation that tech companies could emerge as rival suitors for the TV and movie company.

"It's such a large magnitude transaction," Malone said, adding that Fox's ability to pay with nonvoting stock and to access cheap debt means "that it would be very difficult to put together a competitive bid."