HomeIndustryTime 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
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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Hot 4k Blu-rays!

Furiosa- A Mad Max Saga - Limited Edition Steelbook
Godzilla | Kong Monsterverse 5-Film Collector's Edition
Dune: Part Two 4k Blu-ray
Dune 2-Movie 4k Blu-ray Collection

Fire HD10 Tablet Only $95!

Fire HD10 10.1

4k Blu-ray Deal!

Sony Pictures Classics 30th Anniversary 4k Blu-ray

OLED 4k TV Deal!

Samsung 65-inch OLED 4k TV

4k/HDR TV Deal

55

New Articles

Support Us!