Rupert Murdoch Bails on Time Warner

Rupert Murdoch Bails on Time Warner Play

Aug. 6 (Bloomberg) -- Rupert Murdoch’s 21st Century Fox withdrew its unsolicited takeover offer of $75 billion for Time Warner, giving up after the attempt to reshape the media industry sent Fox shares tumbling. Yacktman Asset Management Portfolio manager Jason Subotky and Bloomberg’s Cory Johnson speak on “Market Makers.” (Source: Bloomberg)

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