July 16, 2014 / 12:15 PM / 3 years ago

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

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

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