New York – 21st Century Fox announced on August 5 that it has withdrawn its proposal to acquire Time Warner Inc. Chairman and CEO Rupert Murdoch commented: “We viewed a combination with Time Warner as a unique opportunity to bring together two great companies, each with celebrated content and brands. Our proposal had significant strategic merit and compelling financial rationale and our approach had always been friendly. However, Time Warner management and its Board refused to … [Read more...] about 21st Century Fox withdraws proposal to acquire Time Warner Inc.
Time Warner Inc
Time Warner Inc. announces plan to separate Time Inc.
New York – Time Warner Inc. announced that its Board of Directors has authorised management to proceed with plans for the complete legal and structural separation of Time Inc. from Time Warner. Following the proposed transaction, Time Inc. would be an independent, publicly traded company. Time Warner aims to complete the proposed transaction by the end of the calendar year. Time Warner Chairman and Chief Executive Officer, Jeff Bewkes, said, "After a thorough review of options, we believe … [Read more...] about Time Warner Inc. announces plan to separate Time Inc.
