Time Warner rejected 21st Century Fox’s initial stock-and-cash offer valued at $85 a share. The company wants the offer raised to above $100 a share, with a higher portion of cash than originally offered, according to a person close to Time Warner. Ever since his News Corp survived a bruising liquidity crisis in the early 1990s, Rupert Murdoch has been careful to avoid getting overextended financially. But his pursuit of Time Warner could test that philosophy
Sign up for free to get: The Daily Intelligence Report delivered to your inbox.
RBR-TVBR delivers complete broadcasting news analysis and our infamous observations.