- Rupert Murdoch is still determined to buy Time Warner (NYSE:TWX), despite being spurred at the $80B level, according to The New York Times.
- If a deal is struck, 21st Century Fox (NASDAQ:FOXA) would sell CNN in order to keep regulators satisfied.
- Time Warner hasn't issued a statement on the Fox offer yet.
- TWX +15.6% to $82.11