Deals
Time Warner Dares Murdoch to Bid More Than He Can Pay
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Time Warner Inc.’s board is daring Rupert Murdoch to make an offer he can’t afford.
In rejecting an $85-per-share takeover bid by Murdoch’s 21st Century Fox Inc. last week, Time Warner said its own growth plan “is superior to any proposal that 21st Century Fox is in a position to offer.”