Deals
Time Warner Balks at Europe Media Prices as Deal Flow Slows
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Time Warner Inc. and Sony Corp. both bid for All3Media Holdings Ltd., lured by surging earnings of the British TV producer. The sale was pulled this month after the bids failed to meet the seller’s target.
Permira Advisers Ltd., owner of London-based All3Media, was seeking about 750 million pounds ($1.2 billion), or 12 times operating earnings, said two people with knowledge of the negotiations who declined to be named as the talks were private.