Rupert Murdoch, eh? You just can’t stop the man.
Not one to shy away from the business limelight, even in the wake of the hacking scandal, the media’s most mogully mogul is trying once again to expand his inconceivably expansive empire.
Murdoch’s 21st Century Fox is pushing forward with his attempted take-over of Time Warner in a deal that would be Murdoch’s biggest ever.
Here’s the low-down on the deal:
$80bn: 21st Century Fox’s takeover offer for Time Warner. Time Warner said on Wednesday it had rejected the bid, but Murdoch is expected to increase the offer – on which, see point below…
40%: The cash component of the current deal, which Murdoch is tipped to increase to get the deal done.
$150bn: The worth of the newly merged company if the deal went ahead.
$85: The price per share of Time Warner in Murdoch’s rejected bid, which was a…
25%: premium on the share price of Time Warner.
20%: The proportion of shares that the Murdoch family owns in 21st Century Fox.
THE NEED-TO-KNOW QUOTE: Time Warner on why it rejected Murdoch’s bid:
“There is significant risk and uncertainty as to the valuation of 21st Century Fox’s non-voting stock and 21st Century Fox’s ability to govern and manage a combination of the size and scale of 21st Century Fox and Time Warner.”
Ouch!
And finally…
83: We all know the career adage that suggests you should earn your age. Rupert Murdoch has taken it a step further, believing the number of billions you spend on acquisitions should approximately match your age, for he’s 83 years old at the moment.
Retirement? What retirement?
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