Rupert Murdoch Media tycoon Rupert Murdoch said Tuesday his 21st Century Fox group had withdrawn its bid for Time Warner puma suede heart satin grise , a massive offer which could have shaken up the media-entertainment world.
Worth an estimated $80 billion, the offer was taken off the table after Time Warner "refused to engage with us" and the news hurt the share price of 21st Century Fox puma suede heart satin rose , Murdoch said.
"The reaction in our share price since our proposal was made undervalues our stock and makes the transaction unattractive to Fox shareholders," he said puma suede heart satin noir , in a statement.
"These factors, coupled with our commitment to be both disciplined in our approach to the combination and focused on delivering value for the Fox shareholders puma suede heart satin pas cher , has led us to withdraw our offer."
Murdoch said he made the decision even though the deal "had significant strategic merit and compelling financial rationale and our approach had always been friendly."
The statement said the board authorized a $6 billion share repurchase program after withdrawing the offer.
The bid unveiled by 21st Century Fox in July would have merged two of the world's
Hundefreunde-Freiburg
Thema drucken
17.04.2018 05:30
Antworten
