Business

Fox bid for Time Warner sparks content merger race

By Ryan Nakashima
Published July 16, 2014 9:56pm ET
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Fox bid for Time Warner sparks content merger race
LOS ANGELES (AP) — Even though Rupert Murdoch’s $76 billion bid for rival media giant Time Warner Inc. has been rejected, that doesn’t mean how you watch TV shows and movies will stop changing any time soon. The cash-and-stock bid by Murdoch’s Twenty-First Century Fox Inc. was partly meant to counter consolidation among TV distributors […]

LOS ANGELES (AP) — Even though Rupert Murdoch’s $76 billion bid for rival media giant Time Warner Inc. has been rejected, that doesn’t mean how you watch TV shows and movies will stop changing any time soon.

The cash-and-stock bid by Murdoch’s Twenty-First Century Fox Inc. was partly meant to counter consolidation among TV distributors like Comcast-Time Warner Cable and AT&T-DirecTV.

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