Twenty-First Century Fox Inc said on Tuesday it had withdrawn its proposal to purchase Time Warner Inc . "Time Warner management and its board refused to engage with us to explore an offer which was highly compelling," Chief Executive Rupert Murdoch said in a statement.
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, 14664500 shares of FOXA exchange hands on a given day and today's volume is recorded at 23866036.
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, 7384520 shares of TWX exchange hands on a given day and today's volume is recorded at 9367338.
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