KQED Nightly Business Report July 17, 2014
Good evening from me, as well. Media mergers were the talk as murdoch made it clear he has a new target, timewarner. Murdoch made a big bid. He offered 80 billion but timewarner rejected it. It doesnt mean the story is over, far from it. Many believe the price tag could go higher and if the deal gets done, it could prompt a wave of mergers in an industry a lot of ways. The stocks went 17 and had impact on 21st century fox which that dropped 6 . What is it about timewarner murdoch wants . Does this deal make sense and which Companies Might be next . Julia boorstin has the story. Reporter murdoc...