Rupert Murdoch Said to Have Made Offer for Time Warner

The media giant 21st Century Fox, the empire run by Rupert Murdoch, made an $80 billion takeover bid in recent weeks for Time Warner Inc. but was rebuffed, people briefed on the matter said on Wednesday.

The bold approach could put Time Warner in play and might again ignite a reshaping of the media industry, prompting a new spate of mega-mergers among the nation’s largest entertainment companies.

..

While the talks between the two companies have thus far been considered friendly, people involved in the discussions said that Mr. Murdoch is determined to buy Time Warner and is unlikely to walk away.

...

http://mobile.nytimes.com/blogs/dealbook/2014/07/16/rupert-murdoch-said-to-have-made-offer-for-time-warner/