Time Warner Inc will not have to worry about any overtures from Twenty-First Century Fox for the foreseeable future."As you know, yesterday, we walked away. This is our resolute decision," Fox Chairman and Chief Executive Officer Rupert Murdoch said in a rare appearance on the company's conference call late Wednesday.Murdoch, conceding defeat, was further explaining the company's rational for pulling its bid on Tuesday.Fox Chief Operating Officer Chase Carey backed up Murdoch and went further: "Let me be clear, we are done ... We have no plans to pursue any other third party content company as an alternative to Time Warner."
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 traded higher by 3.29% or $1.03/share to $32.33. 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 49954224.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 12.85% or $-10.95/share to $74.24. 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 34561192.
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