www.411mania.com
|  News |  Film Reviews |  Columns |  DVD/Other Reviews |  News Report |
SPOTLIGHTS  SPOTLIGHTS
MOVIES/TV
// Top 5 Positives From DC's New 52
MUSIC
// Rihanna Tweets New Bikini Pic
WRESTLING
// When It Comes Crashing Down - Why Hogan Shouldn't Wrestle One More Match
MMA
// 411's MMA Roundtable Preview - UFC 177: Dillashaw vs. Soto
GAMES
// Top 5 Football Games


MOVIE REVIEW  MOVIE REVIEWS
//  The November Man Review
//  As Above, So Below Review
//  Sin City: A Dame to Kill For Review
//  If I Stay Review
//  The Expendables 3 Review [2]
//  The Expendables 3 Review
 HOT MOVIES
//  The Dark Knight Rises
//  The Avengers
//  Prometheus
//  The Amazing Spider-Man
//  Iron Man 3
//  The Hobbit
SYNDICATE  SYNDICATE



411mania RSS Feeds





Follow 411mania on Twitter!




Add 411 On Facebook
 


 
 411mania » Movies » News

Advertisement
21st Century Fox Made $80 Billion Offer To Acquire Time Warner
Posted by Joseph Lee on 07.16.2014



Coming Soon reports that 21st Century Fox has revealed that they made an offer to Time Warner Inc. last month to combine the companies for $80 billion, but the Time Warner Board of Directors declined. 21st Century Fox are no longer in talks with the company. Time Warner added that the proposal was for Fox to acquire all of the outstanding shares of the company, which is 1.531 of 21st Century Fox Class A non-voting common shares and $32.42 in cash per share.

Time Warner said: "The Time Warner Board, after consultation with its financial and legal advisers, determined that it was not in the best interests of Time Warner or its stockholders to accept the Proposal or to pursue any discussions with Twenty-First Century Fox. The Board is confident that continuing to execute its strategic plan will create significantly more value for the Company and its stockholders and is superior to any proposal that Twenty-First Century Fox is in a position to offer."

When making their decision, Time Warner considered the following:

- "The execution of Time Warner's strategic plan will continue to drive significant and sustainable value for Time Warner stockholders;

- The unique value of Time Warner's industry-leading businesses including its portfolio of networks and its film studio and television production business is only going to increase;

- There is significant risk and uncertainty as to the valuation of Twenty-First Century Fox's non-voting stock and Twenty-First Century Fox's ability to govern and manage a combination of the size and scale of Twenty-First Century Fox and Time Warner; and

- There are considerable strategic, operational, and regulatory risks to executing a combination with Twenty-First Century Fox.
"

If this has happened it would have been huge news. Time Warner's subsidiaries include New Line Cinema, HBO, TBS, The CW, Warner Bros., Kids' WB, Cartoon Network, Boomerang, Adult Swim, CNN, DC Comics, Warner Bros. Animation, Cartoon Network Studios, Hanna-Barbera, MLB Network and Castle Rock Entertainment. 21st Century Fox's subsidiaries include the Fox Entertainment Group (20th Century Fox, FOX), STAR TV, Sky Italia and stakes in BSkyB and Sky Deutschland.





MUST-READ 411 STORIES:

5 Positives From The New DC 52

The 20 Sexiest Women from Reality TV

The November Man Review


comments powered by Disqus











www.41mania.com
Copyright (c) 2011 411mania.com, LLC. All rights reserved.
Click here for our privacy policy. Please help us serve you better, fill out our survey.
Use of this site signifies your agreement to our terms of use.