ValueAct buys stake in 21st Century Fox; suggests “re-visit”

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ValueActHedge fund ValueAct Capital said it had taken a $1 billion stake in 21st  Century Fox. Fox recently withdrew its $80 billion bid to buy Time Warner and Rupert Murdoch said he has no plans to pursue another company as an alternative. However, ValueAct thinks Time Warner should be kept on the back burner.

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