KQED Nightly Business Report August 6, 2014
And uglier at the close however strong earnings from disney could change the tone tomorrow, but we begin tonight with the 80 billion deal that seems to be dead. 21st century fox with drew the bid. Murdoch side timewarner management and the board refused to engage with the company or explore a higher offer and the bid drove 21st century fox shares lower under valuing the company and upsetting too many shareholders. Fox did approve a 6 billion stock plan. Shares dropped sharply after the announcement. Fox went the other way with shares spiking right after the news. Is the deal really dead . Lets...