Fox abandons Time Warner takeover bid (14)

IOL 2014.08.06 07:32
By Jennifer Saba and Soyoung Kim Reuters Rupert Murdoch's Twenty-First Century Fox has withdrawn its proposal to buy Time Warner. File picture: Jason Reed New York - Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner on Tuesday, abandoning plans to create one of the world's largest media conglomerates. The surprise announcement appeared to cut short what many investors had
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