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Time Warner Rejects Fox's Bid

  • Aired: 1/16/2014
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Synopsis >

Sound crazy like a fox? Rupert Murdoch trying to outdo his peers again with a mega deal that could shake up the industry. His Twenty-First Century Fox says it made a bid for archrival Time Warner last month. The New York Times put that offer at $80 billion. But Time Warner reportedly said no, saying it's better off being independent.

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