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Rupert Murdoch Tries to Swallow Time Warner

A new theory to explain why Rupert Murdoch has been so quiet on Twitter of late: He’s been pursuing the deal of a lifetime—again.

Murdoch’s 21st Century Fox made an $80 billion offer in recent weeks to take over Time Warner, according to a report in the The New York Times. Time Warner rejected the offer. Bloomberg News cited people familiar with the deal in a report that suggested 21st Century Fox would be willing to pay more than $85 per share in the merger—an offer that would exceed $75 billion.