Rupert Murdoch’s Fox Abandons Time Warner Bid

Rupert Murdoch’s Fox Abandons Time Warner Bid Play

Aug. 6 (Bloomberg) -- Time Warner, a day after Rupert Murdoch withdrew his $75 billion takeover bid, reported second-quarter earnings that beat analysts’ estimates and said it plans to buy back $5 billion of its shares. Bloomberg Intelligence Director Paul Sweeney speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

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