27
Jul
2014

VIDEO: Murdoch’s Fox Open To Giving Time Warner Board Seats In New Bid: Bloomberg

Rupert Murdoch’s 21st Century Fox is open to giving Time Warner shareholders seats on the new company’s board if its takeover bid succeeds. Board representation could appear in a revised proposal. It did not say how many board seats were being considered and added the two sides are not currently in negotiations. Time Warner’s board rejected Murdoch’s $80 billion takeover offer earlier this month, but the Fox chairman and chief executive officer is expected to continue the pursuit.



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