Rupert Murdoch Is Rebuffed in Offer for Time Warner

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By: Andrew Ross Sorkin and Michael J. de la Merced | New York Times

The media giant 21st Century Fox, the empire run by Rupert Murdoch, made an $80 billion takeover bid in recent weeks for Time Warner Inc. but was rebuffed.

The bold approach could put Time Warner in play and might again ignite a reshaping of the media industry, prompting a new spate of mega-mergers among the nation’s largest entertainment companies.

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