Murdoch’s Fox Withdraws Time Warner Takeover Offer
August 5, 2014
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.
Murdoch’s Fox Withdraws Time Warner Takeover Offer The Deal Is Off Between Fox and Time Warner (AdWeek)