'THAT'S IT. GAME OVER' Insider Reveals Why Murdoch Pulled Time Warner Bid — And Says He's Not Coming

'THAT'S IT. GAME OVER' Insider Reveals Why Murdoch Pulled Time Warner Bid — And Says He's Not Coming Back

by Henry Blodget at Business Insider

http://www.businessinsider.com/why-fox-pulled-offer-for-time-warner-2014-8

"SNIP.........................


"That's it. Game over," the insider says.

The insider says two things caused Murdoch to pull his bid:

1) the "entrenchment" of Time Warner's board and management, who refused to even discuss the offer, and

2) the significant drop in Fox's stock after news of the offer leaked.


Read more: http://www.businessinsider.com/why-fox-pulled-offer-for-time-warner-2014-8#ixzz39ZY1J2Rn




..........................SNIP"