The media mogul is going on an $80bn shopping spree to grow his media empire. There’s a big global media shake-up going on, says Simon Wilson.
Last week, media giant Time Warner rejected an $80bn takeover bid from Rupert Murdoch’s rival group, 21st Century Fox. Time Warner, which took years to recover from its disastrous merger in 2000 with AOL, says it sees “significant risk and uncertainty” in a Fox bid. It questioned Fox’s “ability to govern and manage” the combined group – a Goliath that would be rivalled only by Disney.
The company has also [...]
Want to read this article now?
Already a MoneyWeek subscriber? Please log in below.
Not a subscriber? Sign-up now for a 4 week FREE trial to get instant access.