Fox’s Time Warner US$75bil buyout fails


NEW YORK: Nothing focuses the mind like a deadline.

For 21st Century Fox Inc., zero hour was scheduled to arrive yesterday at 4:30 pm New York time, with the media company’s quarterly earnings call. Chairman and chief executive officer Rupert Murdoch, president and co-chief operating officer Chase Carey and other Fox executives knew investors would be focused on the company’s US$75bil pursuit of Time Warner Inc.

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