Time-Warner Rejects $80 Billion Bid from 21st Century Fox

CNBC reported this morning that Time Warner Inc. rejected a takeover bid by Rupert Murdoch's 2ist Century FOX, that was valued at $80 billion. The take over proposal would be $85 per share, in stocks and cash, at roughly a 60/40 ratio. the Time Warner stock price is currently above that $85 per share price.

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