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Stock Market & Financial Investment News

News Breaks
August 5, 2014
16:10 EDTFOX, TWX, FOXAFox withdraws proposal to acquire Time Warner
21st Century Fox (FOXA, FOX) announced that it has withdrawn its proposal to acquire Time Warner (TWX). Chairman and CEO Rupert Murdoch commented: "We viewed a combination with Time Warner as a unique opportunity to bring together two great companies, each with celebrated content and brands. Our proposal had significant strategic merit and compelling financial rationale and our approach had always been friendly. However, Time Warner management and its Board refused to engage with us to explore an offer which was highly compelling. Additionally, the reaction in our share price since our proposal was made undervalues our stock and makes the transaction unattractive to Fox shareholders. These factors, coupled with our commitment to be both disciplined in our approach to the combination and focused on delivering value for the Fox shareholders, has led us to withdraw our offer."
News For TWX;FOX;FOXA From The Last 14 Days
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April 26, 2015
17:05 EDTFOXA, FOXUniversal's 'Furious 7' leads U.S. weekend box office with $18.3M
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April 24, 2015
06:50 EDTFOXADisney, Fox refuse to run FiOS commercials, NY Times says
Disney (DIS) and 21st Century Fox (FOXA) are refusing to run commercials for Verizon (VZ) FiOS' slimmed down, a la carte package on a number of their stations, according to The New York Times. Disney, Fox and Comcast (CMCSA) have objected to FiOS' new offering, the news service stated. Reference Link
April 23, 2015
19:41 EDTTWXCablevision announces 'cord cutter package,' includes option for HBO Now
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April 22, 2015
16:27 EDTTWXMattel, Warner Bros. & DC Entertainment announce partnership
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April 21, 2015
18:53 EDTFOXA, FOXFox, NBC say Verizon cable packages violate license terms, Washington Post says
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06:47 EDTFOXATalal a big backer of Fox's James Murdoch, Reuters says
Saudi Arabia's Prince Alwaleed bin Talal, who owns a 6.6% stake in Twenty-First Century Fox, says he "really loves" James Murdoch, the son of the company's octogenarian CEO, Rupert Murdoch. James understands the digital world and is ready to take on a much bigger role at the company, the news service quoted the prince as saying. The prince's support may be setting the stage for James Murdoch to take day-to-day control of the company "sooner rather than later," Reuters stated. Reference Link
April 20, 2015
08:15 EDTTWXIMAX and Warner Bros. announce multi-picture agreement
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April 19, 2015
15:24 EDTFOX, FOXAComcast's 'Furious 7' leads U.S. weekend box office with $29.1M
For the weekend of April 19, Universal's (CMCSA, CMCSK) "Furious 7" topped domestic box office charts at $29.1M. Sony's (SNE) "Paul Blart: Mall Cop 2" landed in second place with $24M for the weekend while Universal's "Unfriended" came in third with $16M. Fox's (FOX, FOXA) "Home" and "The Longest Ride" took fourth and fifth place at $10.3M and $6.8M, respectively. Data gathered by Rentrak.
April 14, 2015
06:30 EDTTWXTwitter threatens Periscope users who illegally streamed 'GoT,' Mashable says
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April 13, 2015
11:56 EDTTWXMedia companies look to back away from Nielsen guarantees for ads, Variety says
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07:22 EDTFOXAWave of media M&A may be on the way, WSJ says
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06:24 EDTTWXTime Warner tries to win over TV providers in cord-cutter pitch, WSJ says
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