Fox Said Open to Giving Board Seats to Time Warner
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Rupert Murdoch’s 21st Century Fox Inc. is open to giving Time Warner Inc. shareholders seats on the board of the combined company should its $75 billion takeover bid succeed, people familiar with the situation said.
Board representation could appear in a revised proposal, said one of the people, who asked not to be named because the internal deliberations aren’t public. The people didn’t say how many seats were under consideration. The two sides aren’t currently in negotiations, one person said.