And by the way, he wants to run for parliament, too. In motors, reserving a dinosaur from the golden age. What start off with everyone is talking about. Yesterday was not a good day to keep a deal on the table. Sprint once again set to end has0th century fox withdrawn a proposal to buy time warner. Sometimes you need to know when to walk away. It was Rupert Murdoch who forred to buy time warner 75 billion back in july. If you remember the time warner chief shut it down. After consulting with our financial and legal advisors, we determined it is not in the best interests of time warner or our shareholders to accept a proposal or pursue any discussions with fox. Offer was rejected back in july. Time warner was not even willing to engage on the proposal. Said thereay, fox was not going to be a deal if it did not benefit the investors. But his Rupert Murdoch really walking away from this deal . I think he is frustrated. I think in some respects his reputation for being aggressive, which generally helps them when he is pursuing a deal worked against him because candidly, no one believed him or his advisers or believed he would be fiscally disciplined. It may be deal harder to do. Time warner shares went up and message wasugh the fiscal discipline and we are not going to pay. The math did not work for him for a while. After fox said they were deal, fox the shares went up and time warner went down. There are both performing very well. This is a Management Group that works for shareholders in ibex and dividends and so on. Time warner followed through on that reputation. Be media giant said it would buy its shares. It backs up what the chief said at the start. Simply, the board determined that continuing to execute our plans will create significantly more value for our shareholders,r and that is more valuable than what fox is prepared to offer. To buynt ended its talks tmobile usa, according to a source familiar with the matter. It outweighed the potential benefits of combining these carriers. Sprint, the softbank that owned 80 of sprint, its founder was really the engine behind this deal. So, it is not going to go forward, and that is asked exactly what we heard this morning. They need to come up with plan b. But that is not it. Dan has see, the ceo of sprint is out. He apparently saw the whiting the riding on the wall inmate. He pretty much fired himself when he talks about murdering heint and tmobile when appeared on Bloomberg Television. It is really a mess. What is the scenario in which he would not want to be ceo . That is a tough one to contemplate. What i want ton do. I am 60 years old. I want toew things do. I see some fire left in your belly. There is a lot left. On six and a half years at sprint. I still have fire in the belly. I could continue, but it might be a Good Opportunity to go do something else. It sounds like at the very least it would not bother you if you did not run the merged company. No, it wouldnt. So, dan has he is out. Isnt . He is the leader of a Company Called right star that softbank also loans. Its an International Wireless company. Longstanding relationship with softbanks ceo. We will have to hear from him and figure out what theyre going to do. They are a money losing Wireless Company they have said for months and months and months to regulators, even publicly. The government says we need for and not three, the question is will spread to a partnership with another company. Are they going to go at this and stand alone . If they are, i would say the cards are stacked against them. Beso it looks like it will for carriers, at least for now. Isney earnings failed we will speak to the ceo on contract creation on Brand Development and a frozen sequel. In takeaways from the first ever u. S. Africa for him. We will hear from some of the participants, coming up. Two media giants posted earnings. Web Service Company aol and entertainment giant disney. Lets start with disney. Movie superheroes helped disney with thirdquarter estimates that beat estimates. It had to Box Office Hits in the last quarter from Marvel Studios unit. We are talking about the captain america sequel and maleficant disneys hit from last year frozen continues to deliver profit. Jon erlichman sat down with disney ceo bob iger who said good content and strong brands are helping to drive disney earnings. In todays world with so much consumer choice, more than we have ever seen before, content not only has to be good but i think brands are very important. Guardians of the galaxy is a great example of that. People say it came out of nowhere because those characters were not wellknown. The title was not wellknown but the marvel brand has become something in the consumers eyes that means something and it should be trusted because they have a track record of making good films. You had hinted before that you felt like there might be this avengerslike potential with guardians of the galaxy and being able to find new films and tie the characters and bring them back again. Do you have a higher level of conference of confidence pursuing a strategy like that . I dont remember hinting that. I must admit that i did feel that. Now that i think about it, it was a little cocky of me. There is Great Potential here. We have a sequel we have announced that we will release in 2017. This is a set of fresh world, fresh characters and i think there is huge potential not just on the movie side but across our businesses, theme parks and Consumer Products and interactive, possibly television. That is a theme we have already seen with another property in frozen. There is a belief that going into the Holiday Season that people will keep buying froze stuff. Do you feel that way . Is that the outlook for froze merchandise . Yes, we are wellpositioned for the next quarter and the Holiday Season with merchandise that should fill shells across the world. There is great demand for this product. We have a singalong product coming out sometime later this year. Frozen appearances are present in our theme parks and thats a good show in orlando. It will be part of abcs Primetime Program on sunday nights which we are happy about. Its an frozen fame to once upon a time. I feel there is a lot more life in frozen then we have seen. Mr. Iger added that there is no word on a frozen sequel but the next step in the franchise is a broadway show. Aol reported earnings this morning, secondquarter Sales Beat Estimates but higher costs led to a one percent drop in profit. Betty liu interviewed the ceo Tim Armstrong. One of the things we concentrated on is making sure our results are future looking and we set the table for years ago. Companies will do well whether they are independent or consolidated. The companies that are good at digital and high Quality Content and good Programmatic Advertising and very Good Building global media brands and that is what i think will be the fuel whether it is independent or consolidated for people to move forward. Programmatic advertising is big for you guys. Our ad pricing overall is up which means we are doing a great business managing that. Weve gone from Single Digits to 35 of our revenue in one year. That tells you how powerful the marketplace is in terms of the automation of advertising and using digital to automate how you touch consumers with advertising. And our growth or our Programmatic Advertising grew 100 yearoveryear. A lot of the advertising on your websites, while you have a lot of viewers, millions of viewers every month on those websites, they are now being that content is replicated in other places like buzz feed or Business Insider or elsewhere. Isnt that content getting commoditized . You can replicate the content but you cannot replicate the brand. That is an important aspect of our business. Huffington post was 20 million unique visitors on a blog when we bought it. Today is 97 Million People in 11 countries, 48 of the traffic is international and we had 200 growth in mobile yearoveryear. That is a powerful brand with powerful content. Everybody is chasing huffington post. If you look at tech crunch and the hbo series silicon valley, techcrunch and disrupt for the central parts of that show. You see people replicating our strategy and i think our job is to stay at the forefront and stay in front of everyone which we will continue to do. You can see more of the interviews with Disneys Bob Iger and Tim Armstrong clipping including what they think of the time warner bid on bloomberg. Com or on our awardwinning tablet app. Coming up, the head of fords middle east and Africa Division and where he sees the most growth potential. Japan observes a moment of silence on the 69th anniversary on the bombing of hiroshima. The citys mayor invited World Leaders to see the atomic bomb scarred cities firsthand and convince them that Nuclear Weapons should not exist. This is money clip, on Bloomberg Television, streaming on your phone, your tablet, and bloomberg. Com and now available on apple tv and amazon fire. I am Mark Crumpton in for adam johnson. The u. S. Africa Business Forum concluded yesterday in washington with 10 trade missions and 14 billion in investments in the continental. Hans nichols was on site speaking with the business and government leaders in attendance. He set down with michael bloomberg, founder and majority owner of bloomberg lp, and mo ibrahim. Nobody has ever put together all of the heads of the african countries in one place. At the same time given businesses the opportunity to dialogue and make some contacts. I sat next to the president of uganda, he cares about Industrial Equipment into emma and two minutes later, i was talking to somebody who talks to industrial who makes industrial commit Industrial Equipment. I should get a commission. It doesnt matter whether they do a deal right then. Later on, the companys salesman can say to the minister who does the buying or to a store that does the buying that i was with my boss was with your president and they said we should talk and people get together and its about relationships and knowledge. Is this an opportunity to solidify relationships or does more need to be done on the governance side . To start with, it is wonderful that this happened at last. The u. S. Really should have done this years ago. Of course it takes somebody like mike who has to make this happen. You need that kind of drive from Business People to come and do this. I am delighted with today. It was a good day for us. I dont like it when too many senior people are in the room and everybody is nice to everybody. Then you dont get anything done. We need to have frank discussion, and to some extent this is better than similar , things. Its better than what happened in china or france. Am i am not commenting on the other political discussions. I am not in a position to know what those guys are up to or what they can achieve. A but from the business point of view, i think this is crucial. American investment in africa still greater than china. China has been spending a lot of time but china has a policy the way they structure it, their government goes and pushes an agenda and tries to get things that are advantageous to china and is nothing wrong with that. The american structure is different. We try to have individual Companies Make individual decisions that are in their best individual interest and let the totality that winds up to be something. And african countries point of view, they cannot be dictated to because they have lots of choices whereas another country like china or somebody else takes it the way they sell it or you dont take it at all. That is their strategy but its a different strategy. I think americas case is very compelling to african countries. They want to be in business with a successful economy where most people are in the middle class. Some are below and luckily some are above. The average person in america has done so much better than the average person in lets say china. Hans nichols spoke to the World Bank President who shared his thoughts on the success of the summit. Leaders in the American Business committed to you community who probably did not know much about africa are getting a very different sense of what is going on there. They have been growing and the debt to gdp ratio is around 34 for the whole continent. Theyve got good policies in place in the Central Banks are dependable. Are independent. There is a lot of good things about africa but the ceos did not know what it would be until we until they got here and met the leaders and saw it for themselves. Ford motors is one of the American Companies looking to expand in africa. Hans nichols book with the hans spoke with the president of fords middle east and africa operations. We have just started our new Business Unit january 1 for the middle east and africa for ford motor company. We are excited about the opportunities in africa. You make engines in south africa and some of them are being exported. Milestone . Yes, we are proud of that. We make the ranger pickup truck it to 148ort countries out of south africa. We also make the 3. 2 liter Diesel Engine for our transit van being built in kansas city. We are very proud of the fact that we are exporting engines to the United States from south africa. What about building production plants in africa . I dont want to call them rumors. There have been reports of the opening up of factory in nigeria. Thanks for letting me clarify our position in that. We are looking and we are such a young Business Unit, only a few months old, we are looking at all the opportunities we can see in africa. That really spans the whole continents. We really have nothing to report now but we will be looking throughout the continent of africa for opportunities. That means north africa as well . Exactly, Subsaharan Africa and south africa as well. Were looking at the gamut of opportunities for ford motor company. What do you see the sales increase in the continent in the next five years . We believe the industry will go up by about 40 until 2020. We will stay with the industry but our goal is to bypass it. We want to do better than what the industry is out there for. What about annualized units . In annualized units for the middle east and have her cut in africa in 2013, we were at , 200,000. Weve got more automobiles ahead with a special look at the classic checker taxicab and we will introduce you to the man who restores the iconic american cars. London mayor Boris Johnson admits his political ambitions. He is todays wild card. Clip ons mno Bloomberg Television. Todays moving pictures where the video is the story. About 150 blue tents have been set up to shelter survivors of chinas deadly earthquake that occurred sunday. Nearly 600 people were killed and some 230,000 have been evacuated from their homes and thousands of them have fully or partially collapsed. This was the scene in new yorks times square yesterday as two doubledecker tour buses collided and 14 people were hurt. The driver of the bus on the left is under arrest for allegedly driving while his ability was impaired. Witnesses say the bus rolled into the area at a high speed crashing into the other bus and toppling a traffic light. The second american aid worker infected with ebola has been admitted to an atlanta hospital. She is said to be weak at improving. Week, but improving. Both patients have been treated with an experimental drug. In the world Vladimir Putins , military buildup on the border near ukraine is raising international concern. Nato officials are putting the number of soldiers at 20,000. A military official for ukraine put the number at over twice that. The standoff over ukraine is escalating in the wake of the u. S. And European Union heading hitting russia with the toughest sanctions yet. Sanctionsaliatory Vladimir Putin says russia , should ban everything western from flights to food in retaliation for those sanctions. Political instruments are putting pressure on the economy and they are unacceptable. They contradict the norms and rules and in connection with this, the russian government has already proposed some retaliatory measures to the socalled sanctions imposed by some countries. President putin went on to say that he will impose these retaliatory measures unless they hurt Russian Consumers accepted except, it already has. Thousands of russian tourists are stranded as big tour operators declare bankruptcy. The tour operators blame the bad Political Climate and the depreciation of the ruble which is lost up to 10 against the dollar since january. What is Vladimir Putin up to . The Surveillance Team asked michael rubin, the author