Twenty-First Century Fox made $80 bln bid for Time Warner but was rebuffed-source

NEW YORK, July 16 Wed Jul 16, 2014 8:12am EDT

NEW YORK, July 16 (Reuters) - Twenty-First Century Fox made a roughly $80 billion offer to buy Time Warner Inc in recent weeks, but was rebuffed, according to a source familiar with the situation.

The bid amounted to about $85 per share in cash and stock, the source said.

(Reporting By Soyoung Kim, Editing by Franklin Paul)