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Rupert Murdoch Said to Have Made Offer for Time Warner

Discussion in 'Sports and News' started by YankeeFan, Jul 16, 2014.

  1. YankeeFan

    YankeeFan Well-Known Member

    Rupert's not slowing down. Would be a 25% premium over the current stock price. Will be interesting to see if they ultimately get a deal done, or if Time Warner hooks up with someone else.

     
    YankeeFan, Jul 16, 2014
    #1
  2. The Big Ragu

    The Big Ragu Moderator Staff Member

    This could get interesting. Time Warner is the most prized asset in the media industry -- HBO is a cash cow and whoever ends up with it also gets CNN, TBS and Warner Brothers motion pictures.

    Time Warner is not going to be able to fend off being acquired, but by staying hostile to it, it is going to be able to drive up the sale price. When Rupert Murdoch is involved in the bidding, all bets are off. But there is speculation that Apple or Google could step into a bidding war to try to acquire the content. This would be a "crown jewel" acquisition. And all of these companies are swimming in cash, and can pull it off right now, because the Fed has made it so cheap to leverage yourself to the hilt and horde cash.
     
    The Big Ragu, Jul 16, 2014
    #2
  3. Michael_ Gee

    Michael_ Gee Well-Known Member

    No way the FCC or Dept. of Justice sign off on a 21st Century Fox-Time Warner merger. And Ragu is partially right. Time Warner can get a better price.
     
    Michael_ Gee, Jul 16, 2014
    #3
  4. Starman

    Starman Well-Known Member

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    Last edited by a moderator: Dec 15, 2014
    Starman, Jul 16, 2014
    #4
  5. Neutral Corner

    Neutral Corner Well-Known Member

    I hope not. That said, effective antitrust action hasn't exactly been a priority for many years.

    Rupert Murdoch with Time-Warner added to his quiver? Ecccch.
     
    Neutral Corner, Jul 16, 2014
    #5
  6. britwrit

    britwrit Well-Known Member

    Cool. More loot for little Jimmy and little Lachlan to fight over when the old man finally drops.
     
    britwrit, Jul 16, 2014
    #6
  7. Baron Scicluna

    Baron Scicluna Well-Known Member

    A merger still won't stop the Rush-bots from screeching about the media, even though there's more deregulation.
     
    Last edited by a moderator: Dec 15, 2014
    Baron Scicluna, Jul 16, 2014
    #7
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