July 16, 2014 / 12:19 PM / 4 years ago

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

NEW YORK (Reuters) - Twenty-First Century Fox (FOXA.O) made a roughly $80 billion offer to buy Time Warner Inc (TWX.N) 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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