Home Industry Time Warner rejects 21st Century Fox proposal

Time Warner rejects 21st Century Fox proposal

Time_Warner_Inc_logoTime Warner has rejected an unsolicited proposal from Twenty-First Century Fox to acquire all outstanding shares of the company. The offer was a combination of 1.531 of Twenty-First Century Fox Class A non-voting common shares and $32.42 in cash per share, but the Time Warner Board decided it was not in the best interest of Time Warner or its stockholders to accept the proposal, or any further discussions with Twenty-First Century Fox.

According to a Time Warner press release, “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.”

Time Warner also said that under their strategic plan the company has delivered a total shareholder return of more than 150% since 2008, and that the value of the company’s portfolio of networks, film studio, and television production business is “only going to increase.”

contributor
HD Report frequently features articles written by guest contributors who are experts in the industry. Our publication is listed in Google News as well as other tech and entertainment forums. If you would like to write a news article, review, or editorial please contact us.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sponsors


4k TV Deals

Hot Blu-rays!

1-Month Free!

New Articles

Price Drop: The Lord of the Rings 4k Blu-ray Motion Picture Trilogy

The Lord of the Rings: The Motion Picture Trilogy on 4k Blu-ray has held its retail price of $89.99 since releasing last December, but...

4k Blu-rays Releasing This Month, April 2021

This month there are several 4k Blu-ray releases from classic and niche movie genres we thought you should know about. Be sure to check...

Ken Burns’ TV Series ‘Baseball’ Remastered in HD for Blu-ray

Baseball: A Film By Ken Burns (1994) has been fully restored and remastered in HD (1080p) for release on Blu-ray Disc. The original TV series was...

Ferris Bueller’s Day Off celebrates 35 years with Blu-ray SteelBook

Premiering the summer of ’86, John Hughes' classic comedy Ferris Bueller’s Day Off (1986) celebrates 35 years with a special edition Blu-ray SteelBook on June...

New Pre-Orders!

Support Us!