Story today, no deal indeed. Fox businesss parent company, twentyfirst century fox ditching its efforts to take over time warner after its 80 billion bid was rejected last month. Shares of time warner, not doing so well on the news while fox is up on the day. Is it a done deal . Or is this just a clever negotiating tactic . Joining me now, fox business Senior Correspondent Charlie Gasparino. We also have our very own david asman and James Freeman from the wall street journal. Allstar cast here. Charlie, what do you think . I think i might get fired after this segment. You say that every time you talk about us. About this. Melissa got to go with him, i got to tell you. If you rewind the videotape when i was right before i got thrown out of sun valley, i reported that mr. Murdoch may be interested in bidding on this but a lot of bankers were dubious that he would, that he would stick it out for the long haul. I think thats the issue here. That time warner is so adamant not selling right
I dont know if this is good news or bad news but i will lay it out there. Sources tell us that the new york ag is not looking in this enforcement action in this hft prone. He is looking for structural changes in the hft business. What he is looking to change is out there already. Early read on thomson reuters, he wants to end that he is looking to moderate the speed advantage. That is is key. That will prevent, my view, this is my opinion now, at least make it very difficult for virtu, the High Frequency trading firm owned by vincent viola, former head of new york mercantile exchange, make it difficult for virtu to come public if you erase that nanosecond speed if that is what schneiderman wants. This investigation is in early stages. Never say will be not be an encoresment action in early stages. Right now he is not focusing on enforcement action but looking for structural change for the business that could hurt firms wanting to go public in this trading business. Melissa awesome, cha
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