Will Bewkes face rebukes for spurning Fox?


Time WarnerRupert Murdoch’s Twenty-First Century Fox offered a per-share premium to acquire Time Warner only to be flatly turned down. Now Time Warner has to explain what it was thinking to both analysts and investors.

According to a Reuters report, TW has a model to which it can point: Disney, which itself turned down a takeover bid from Comcast some 10 year back.

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