The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Twenty-First Century Fox Inc withdrew its takeover offer of $75 billion from Time Warner Inc. Fox was put off both by Time Warner's apparent hostility to the prospect of the deal and by the response of its own shareholders, who have been driving the price of Fox's stock down since news of the offer broke. (nyti.ms/1ATccoG)* Sprint Corp and its corporate parent, the Japanese telecommunications giant SoftBank Corp, have decided to drop their pursuit of T-Mobile US Inc after conceding that antitrust regulators would block a deal in an industry that is dominated by just a few large players. (nyti.ms/X0opst)
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 0.7% or $-0.22/share to $31.30. In the past year, the shares have traded as low as $30.67 and as high as $36.43. On average, 14931000 shares of FOXA exchange hands on a given day and today's volume is recorded at 26355844.
Shares of TMUS traded higher by 0.65% or $0.22/share to $33.91. In the past year, the shares have traded as low as $22.95 and as high as $35.50. On average, 4162600 shares of TMUS exchange hands on a given day and today's volume is recorded at 8980155.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.4% or $-0.34/share to $85.19. In the past year, the shares have traded as low as $57.59 and as high as $88.13. On average, 7498080 shares of TWX exchange hands on a given day and today's volume is recorded at 12086744.
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