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20th Century Fox Owner Intends to Buy Warner Bros (Topic)

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20th Century Fox Owner Intends to Buy Warner Bros

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Rupert Murdoch, the owner of the 21st Century Fox media empire, which includes the 20th Century Fox movie studio, offered the owners of Time Warner to sell it for $ 80 billion. This is reported by the NY Times.

If such a deal had been struck, the combined company, which would have included the two largest movie studios, as well as a number of television channels such as Fox News, FX, HBO, TNT, TBS and others, could accumulate up to $ 65 billion in annual revenues and become one of the largest media assets in the world.

However, the generous offer was rejected by the owners of Time Warner. The reasons for the refusal were not specified.

The Topic of Article: 20th Century Fox Owner Intends to Buy Warner Bros.
Author: Jake Pinkman


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