Twenty-First Century Fox made $80 bln bid for Time Warner but was rebuffed-source
NEW YORK, July 16
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)