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Stock Market & Financial Investment News

News Breaks
August 5, 2014
16:10 EDTTWX, FOX, 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21st Century Fox (FOXA, FOX) announced that it has withdrawn its proposal to acquire Time Warner (TWX).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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September 12, 2014
11:13 EDTFOXA, FOXLiberty Global says no 'big' transactions on horizon
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06:56 EDTFOXA, FOXEU approves BSkyB $9B pay-TV agreements in Germany, Italy, Reuters says
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September 11, 2014
11:10 EDTTWX, FOXA, FOXFox COO Carey says company has 'moved on' from Time Warner, THR reports
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06:17 EDTFOX, FOXA, TWXTime Warner not planning HBO IPO, comments on Fox, NY Post reports
Time Warner (TWX) CEO Jeff Bewkes told the Goldman Sachs Communacopia conference that the company is not planning an IPO or tracking stock for HBO, the New York Post reports. Bewkes also commented that the company took 21st Century Fox's (FOXA) takeover offer "very seriously," but it was determined that the integration process would be such a "large undertaking" that shareholders of both companies "would be exposed to incredible and unnecessary risks." Reference Link
September 10, 2014
07:36 EDTFOXAFox loses round in fight with TVEyes, Hollywood Reporter says
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07:31 EDTTWXGoldman to hold a conference
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September 9, 2014
07:28 EDTTWX, FOX, FOXAFOX pursues reality TV joint venture agreement, Hollywood Reporter says
21st Century Fox (FOX, FOXA) president and COO Chase Carey said that the company doesn't want to pursue Time Warner (TWX) again or look for another large deal, but the firm is aiming to finalize an agreement to create a reality television joint venture agreement comprised of Shine Group, Endemol and Core Media in the future, according to Hollywood Reporter, citing comments from Carey. Reference Link
September 5, 2014
06:05 EDTFOXA, TWXWarner Bros. to eliminate jobs 'at every level' acros studio, Deadline reports
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September 3, 2014
07:18 EDTTWXTime Warner pursues Sony exec for Turner post, NY Post says
Time Warner's (TWX) Turner Broadcasting is pursuing Sony Pictures TV (SNE) executive Zack Van Amburg to become the unit's new entertainment chief after the departure of Steve Koonin, said the New York Post, citing sources. Reference Link
06:56 EDTTWXWarner Bros. aiming for worker buyouts to up profit, Bloomberg says
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05:29 EDTTWXNetflix announces Gotham to be released exclusively on Netflix
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September 2, 2014
19:59 EDTTWXTime Warner said to plan buyout offers to boost profit, Bloomberg reports
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07:47 EDTFOXA21st Century Fox risk/reward positive, says Bernstein
Bernstein believes that 21st Century Fox's stock can climb 30% if the company meets its EBITDA target of $8.1B. If the company misses the target by $300M, the stock may only drop 3%, estimated the firm, which keeps a $46 price target and Outperform rating on the shares.
06:34 EDTTWXA+E Networks could buy 10% of Vice Media for $250M, WSJ reports
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August 31, 2014
14:03 EDTTWXSterne Agee to hold a conference
Media IR Day to be held in Boston on September 3.
13:50 EDTTWX, FOXANomura to hold a conference
Digital Media Conference 2014 to be held in New York on September 3-4.

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