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Tech companies unlikely to bid for Time Warner, Malone says

John Malone says 21st Century Fox (FOXA -1.7%) has long been interested in making a play for Time Warner (TWX -2.8%) and isn't likely to face competing bidders, dampening speculation that tech companies could emerge as rivals to buy the movie studio and cable channel owner.

Malone, who helped consolidate the U.S. cable industry and owns large voting stakes in Liberty Media and other companies, doubts that big global tech companies would bid for a big media business like TWX that is still heavily weighted to the U.S.

By contrast, the deal is highly attractive to Fox because it would be able to mine big synergies from a large asset in the U.S. market it knows well, Malone says.

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Comments (1)
  • dan forbes
    , contributor
    Comments (29) | Send Message
    Murdock needs to raise his bid, if he is ever going to get the company to sit down and talk about a takeover. It will take at least $100 or even $110 to get the company, but at the $85 price, they will never sale.
    23 Jul 2014, 09:31 PM Reply Like
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