Rupert Murdoch's media empire, 21st Century Fox made a bid to buy Time Warner, Inc., another one of the best-known media brands. Time Warner rebuffed the $80 billion offer, but there's no indication the deal is completely dead — Murdoch is not known for giving up easily. Time Warner CEO Jeffrey Bewkes took over the company in 2008 and had strategically shed assets like a cable and internet business and magazine properties, possibly prepping the company for a sale. But even in an environment where the herd of movie studios is being thinned, the idea of Fox swallowing Time Warner took many by surprise.
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Looking ahead to the AT&T-Time Warner merger decision A decision is expected on June 12 as to whether AT&T will be allowed to buy Time Warner. The Justice Department sued to blocked the merger, supposedly on the basis of antitrust laws, but many speculate more political motivations because Trump is no fan of CNN, which is owned by Time Warner.
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