Time Warner Holders Griffin, Gabelli Call Fox Offer Tempting

Two billionaire money managers who own shares in Time Warner Inc. said Rupert Murdoch’s bid for the media company will be hard to resist, particularly if he comes back with a higher offer.

Ken Griffin, chief executive officer of hedge-fund firm Citadel LLC, said the deal makes sense for the company’s shareholders, and Mario Gabelli, CEO of Gamco Investors Inc., called it “hard for a board to turn down.”