Twenty-First Century Fox made a roughly $80 billion offer to purchase Time Warner Inc in recent weeks, but was rebuffed, according to a source familiar with the situation. The bid amounted to about $85 per share in cash and stock, the source said.
Twenty-First Century Fox, Inc., formerly News Corporation, is a diversified global media and entertainment company with operations in cable network programming; television; filmed entertainment; direct broadcast satellite television, and other, corporate and eliminations. Shares of FOXA fell by 0.98% or $-0.35/share to $35.19. In the past year, the shares have traded as low as $29.42 and as high as $36.43. On average, 11370100 shares of FOXA exchange hands on a given day and today's volume is recorded at 9971755.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.93% or $-0.67/share to $71.01. In the past year, the shares have traded as low as $57.59 and as high as $73.07. On average, 5628170 shares of TWX exchange hands on a given day and today's volume is recorded at 5935436.
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