Deals
Fox Rationale for Time Warner Unraveled With Share Drop
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Nothing focuses the mind like a deadline.
For 21st Century Fox Inc., zero hour was scheduled to arrive today at 4:30 p.m. 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 $75 billion pursuit of Time Warner Inc.