21st Century Fox Inc. (Nasdaq: FOX) withdrew its $75 billion offer to acquire Time Warner Inc. (NYSE: TWX). Shares of 21st Century Fox climbed $1.03 to close at $32.33 while Time Warner stock plummeted $10.95 to close at $74.24.
Fox withdraws bid for Time Warner
August 06, 2014 at 17:52 PM EDT