You have to admit that Rupert Murdoch did Time Warner Inc.(TWX) a huge favor, handing it a great gift: A 25% boost in TWX’s stock price, to $86 a share, after the chairman and CEO of 21st Century Fox (FOXA) launched in mid-July an unsolicited $80 billion, or $85-a-share, offer to buy the major media conglomerate. Murdoch eventually withdrew his bid, which had been stoutly spurned by Time Warner, on Tuesday afternoon (Aug. 5, 2014), driving down TWX shares back to the mid-$70s.
Rupert Murdoch should honestly be allowed to buy whatever he wants. While there was speculation the purchase would not be beneficial to Fox shareholders, as a businessman, and a darn good one, he is allowed to purchase Time Warner if he so chooses. It is a very sad day when things like this have to become such a hot button topic.
This is just like Comcast trying to take Time Warner over. All this is going to do is drive up cable and internet prices and you're still going to get the same sub-par customer service. This is one of the many reasons I don't support big corporations taking over other corporations. You wanna talk too much control?
While acquiring Time Warner would pad Rupert Murdoch's wallet, there's no reason that he should be allowed to acquire the company in a takeover or purchase. Too many negative consequences can come out of Murdoch getting Time Warner because he has proven in the past that he's willing to do questionable things.
Rupert Murdoch is one of the world's most powerful media tycoons owning media giants Fox in the US and many huge companies on several continents. His companies are however under a shadow of accusations of ethical misbehaviour and in the case of his newspaper interests in England, proven criminal conduct. These kind of operations need less power not more.