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Soyoung Kim

Shares of Time Warner fell 10.7 per cent after closing at $85.19. (Photo: Reuters)

Rupert Murdoch's Fox abandons Time Warner takeover bid

by Jennifer Saba |Aug 6, 2014

Murdoch, who is Fox's chairman and CEO, cited Time Warner's management and its board's refusal to come to the table to discuss a takeover as one reason for the stunning turnabout.