Time Warner concerned about Murdoch's succession plan, governance - source
(Reuters) - Time Warner Inc's management rebuffed Fox's recent takeover approach partly due to concerns over the company's corporate governance and the succession plan of its chairman and Chief Executive Officer Rupert Murdoch, a source familiar with the matter said.
The company also said on Wednesday that there was "significant risk and uncertainty" over the valuation of Fox's non-voting stock, which would have been used in the stock portion of the deal.
(Reporting by Liana B. Baker; Editing by Chris Reese)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Comedian Joan Rivers remains in serious condition at N.Y. hospital
- Exclusive: Reliance plans $13 billion projects including new refinery
- Ukraine seeks to join NATO; defiant Putin compares Kiev to Nazis
- Swedish carrier backs out as first Bombardier CSeries operator
A judge on Friday lifted a suspension on her order directing Microsoft Corp to turn over a customer's emails stored overseas to U.S. prosecutors, but the software company said it would not release any emails while it appeals the ruling. Full Article
China's Tencent shuts messaging accounts after censorship rules - state media. Full Article
Data scientists are increasingly becoming important to the world's tech companies. Video