BUZZ-Time Warner Inc: NYT says 21st Century Fox makes $80 bln bid

Wed Jul 16, 2014 7:30am EDT

** Media company's shares up 12.8 pct at $80.12

** The New York Times reports Rupert Murdoch's Twenty-First Century Fox Inc makes $80 billion takeover bid, which Time Warner rejects

** Fox proposal worth $85 per share in stock and cash

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